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    The Slovak Spectator: Eustream Seeking Ways to Keep Gas Transit

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Summary

Slovakia's Eustream is seeking ways to stay profitable in gas transit in the face of Gazprom's planned extension of the Nord Stream pipeline

by: Erica Mills

Posted in:

Press Notes

The Slovak Spectator: Eustream Seeking Ways to Keep Gas Transit

While plans of Russian Gazprom and its partners in western Europe to extend the Nord Stream pipeline endanger the future position of Slovakia in transit of natural gas from Russia westwards via Ukraine, the Eustream company is looking for ways to keep its business profitable.

One way might be the proposed Eastring, a pipeline that if completed using existing gas infrastructure, may offer a transportation route between the Balkans and the rest of Europe. But even though the European Union sees the project as prospective, the competing Tesla project is also being discussed.

“It [the support] will depend on several circumstances,” said Maroš Šefčovič, the European Commission Vice President for Energy Union, Maroš Šefčovič, as cited by the SITA newswire. “Both are perceived that they would certainly strengthen diversification and energy security.”

Read the full article HERE.