Russia: new gas pipeline will go ahead despite setback

In this photo taken Friday, June 13, 2014, a Serbian flag is seen on a gas pipe on the first section of the Gazprom South Stream natural gas pipeline near the village of Sajkas, 80 kilometers (50 miles) north of Belgrade, Serbia. Serbia is closely watching the dispute between the EU and Russia over the construction of the South Stream pipeline, designed to bypass Ukraine in delivering gas to Europe. Experts said that pipeline is of a "Vital Importance" for Europe which largely depends on Russian gas. (AP Photo/Darko Vojinovic)
Copyright 2014, The Associated Press

BELGRADE, Serbia (AP) — Russia's foreign minister insists the EU's order to halt construction work on the South Stream pipeline in Bulgaria is only a brief delay in the project planned to bypass Ukraine as a transit country and consolidate Russia's energy grip in Europe.

Sergei Lavrov said Tuesday "there are absolutely no changes in plans, I have absolutely no doubt that this halt is only temporary."

The South Stream pipeline, in which Russian state gas company Gazprom holds a 50-percent stake, would provide an alternative supply route for Bulgaria, Serbia, Croatia, Hungary, Slovenia, Austria and Italy from 2018.

Bulgaria froze work upon orders of the European Commission, which said Bulgaria hadn't respected rules on awarding public contracts. The Commission has also delayed some political talks on the pipeline amid the Ukrainian crisis.

Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now

Whitepapers

Logistics Risk Management in the Transformer Industry

Transformers often are shipped thousands of miles, involving multiple handoffs,and more than a do...

Secrets of Barco UniSee Mount Revealed

Last year Barco introduced UniSee, a revolutionary large-scale visualization platform designed to...

The Time is Right for Optimum Reliability: Capital-Intensive Industries and Asset Performance Management

Imagine a plant that is no longer at risk of a random shutdown. Imagine not worrying about losing...

Going Digital: The New Normal in Oil & Gas

In this whitepaper you will learn how Keystone Engineering, ONGC, and Saipem are using software t...

Latest PennEnergy Jobs

PennEnergy Oil & Gas Jobs