• Natural Gas News

    NYT: Europe Keeps Hope Alive for Gas Pipeline From Russia

    old

Summary

South Stream pipeline crossing southeastern Europe could still be completed, despite the stated intention of President Vladimir V. Putin of Russia to abandon the project says EC President Jean-Claude Juncker.

by:

Posted in:

Press Notes

NYT: Europe Keeps Hope Alive for Gas Pipeline From Russia

The European Union’s top official is not yet ready to take “nyet” for an answer on a natural gas pipeline from Russia.

The South Stream pipeline crossing southeastern Europe could still be completed, despite the stated intention of President Vladimir V. Putin of Russia to abandon the project, according to Jean-Claude Juncker, president of the European Commission.

The comments by Mr. Juncker, at a news conference here on Thursday, indicated that the bloc was intent on keeping at least the idea of the South Stream project alive — despite the European Union’s sanctions against Russia over the crisis in Ukraine, and despite the Europeans’ longstanding skepticism about a pipeline that could extend the region’s heavy reliance on Russian energy.

“South Stream can be built,” Mr. Juncker said. But, he added, “the ball is in the court of Russia.”  MORE