Itar-Tass: CEO of Austria’s OMV calls on EU to speed up implementation of South Stream project
Austria’s OMV, an oil and gas company, has called on the European Union to speed up the implementation of the South Stream project.
Gerhard Roiss, OMV CEO, said on Tuesday the European Union should not have rolled back negotiations on the South Stream project, but add momentum to the process instead.
On Monday, Guenther Oettinger, the European Union Commissioner for Energy, told Itar-Tass that negotiations between the European Union and Russia on South Stream would be resumed at the earliest possible opportunity. He said that the European Commission planned to discuss with the Russian side its plans about the lawsuit with the World Trade Organization (WTO) over the EU third energy package. According to Oettinger, the European Commission could back Russia’s South Stream project when breaches in the European laws were cured.