Subscribe to our free daily newsletters
  Energy News  

Subscribe to our free daily newsletters

Russia Pipeline No Threat To Europe Caspian Project Says Gazprom

grid lock...
by Staff Writers
Moscow (RIA Novosti) Jun 29, 2007
Russia's South Stream pipeline project is not politically motivated and does not threaten Nabucco, Europe's $6-billion gas pipeline project linking the energy-rich Caspian to Europe, bypassing Russia, the Gazprom head said Friday. The Russian energy giant and the Italian gas company Eni SpA signed June 23 a memorandum to construct the South Stream gas pipeline, which will stretch for 900 kilometers (560 miles) along the seabed of the Black Sea from Russia to Bulgaria, reaching a maximum depth of over 2 kilometers (1.2 miles).

"If the Nabucco project is economically viable, has a confirmed demand for gas and a corresponding resource base, nothing can hamper it," Alexei Miller said in an interview with the business daily Kommersant, adding that Gazprom could join the project in the future.

The Nabucco pipeline will run from Turkey through Romania, Bulgaria, and Hungary to Austria, from gas fields in Iran and Azerbaijan.

Gazprom's deputy CEO Alexander Medvedev said previously other countries could join the project, adding that the possible participation of a Bulgarian company was desirable, but that the form and extent of the involvement remained a subject for discussion.

Bulgarian President Georgi Parvanov said at a meeting with President Vladimir Putin on the sidelines of the recent Balkan energy summit in Zagreb that Bulgaria "is ready to join the South Stream project."

Medvedev said that third parties would be able to participate in the construction of land-based stretches of the pipeline, while Gazprom and Eni would exclusively share equal stakes in the pipeline's underwater section.

The Nabucco consortium is owned by Austria's OMV, Hungary's MOL, Turkey's Botas, Bulgaria's Bulgargaz, and Romania's Transgaz. Construction of the 3,300-kilometer pipeline could begin as early as 2008, with operation starting in 2012. The pipeline's transit capacity will be 25.5 billion cubic meters per year.

Source: RIA Novosti

Email This Article
Comment On This Article

Related Links
Powering The World in the 21st Century at

Memory Foam Mattress Review
Newsletters :: SpaceDaily :: SpaceWar :: TerraDaily :: Energy Daily
XML Feeds :: Space News :: Earth News :: War News :: Solar Energy News

EU To Relaunch Ties With Africa Amid Rising Chinese Influence
Brussels (AFP) Jun 29, 2007
The European Union aims to set up a strategic partnership with Africa to meet the continent's most important needs and match growing Chinese influence there, officials said Thursday. "We are looking for new, high-level relations. We want it to be a strategic partnership," Portugal's State Secretary for European Affairs, Manuel Lobo Antunes, told reporters.

  • Russia Pipeline No Threat To Europe Caspian Project Says Gazprom
  • India-Iran-Pakistan Talks On Gas Pipeline Still To Continue
  • Statoil And Shell Scrap Carbon Capture Plans To Pump More Oil
  • ADB Eyeing To Boost Clean Energy Program

  • Belarus To Announce Nuclear Power Planet Tender Soon
  • Russia And France Establish JV To Produce Nuclear Power Planet Turbines
  • Toshiba Eyes Big US Nuclear Power Plant Deal
  • Lithuanian Lawmaker Approve New Nuclear Power Plant

  • NASA Satellite Captures First View Of Night-Shining Clouds
  • Main Component For World Latest Satellite To Measure Greenhouse Gases Delivered
  • AIRS Global Map Of Carbon Dioxide From Space
  • Widespread Twilight Zone Detected Around Clouds

  • Scientists Close In On Missing Carbon Sink
  • Indonesia Aims To Halve Haze-Causing Fires
  • Researchers Demonstrate Way To Control Tree Height
  • Human Activities Increasing Carbon Sequestration In Forests

  • Organic Farms Provide A Clue For India's Struggling Farms
  • Wines Knocked Into Carbon Reduction
  • Banned Chinese GM Rice Protein Found In Dutch Shipment To Cyprus
  • Down On The Virtual Farm With GrassGro 3

  • QinetiQ And NexxtDrive To Develop Hybrid Electric Drive Six Wheelers
  • Lawmakers Urge US Recall Of Chinese-Made Tires
  • Billionaire Hopes To Move Entire Plant From Brazil To China
  • US Senate Clinches Fuel Economy Deal

  • Europe Bans All Indonesian Airlines From EU Airspace
  • Too Little Scope For Development Of Current Aircraft Technology
  • France Supports Cap On Airline Carbon Emissions
  • F-35 Lightning 2 Pushing Ahead On All Fronts

  • Could NASA Get To Pluto Faster? Space Expert Says Yes - By Thinking Nuclear
  • NASA plans to send new robot to Jupiter
  • Los Alamos Hopes To Lead New Era Of Nuclear Space Tranportion With Jovian Mission
  • Boeing Selects Leader for Nuclear Space Systems Program

  • The content herein, unless otherwise known to be public domain, are Copyright 1995-2007 - SpaceDaily.AFP and UPI Wire Stories are copyright Agence France-Presse and United Press International. ESA Portal Reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement,agreement or approval of any opinions, statements or information provided by SpaceDaily on any Web page published or hosted by SpaceDaily. Privacy Statement