The European Union's executive body questioned Monday Russia's state-run energy giant Gazprom's (GAZP.RS) announcement last week that it had taken a final investment decision to build South Stream, a planned natural gas pipeline from Russia to Europe.
The European Union's executive body questioned Monday Russia's state-run
energy giant Gazprom's (GAZP.RS) announcement last week that it had taken a
final investment decision to build South Stream, a planned natural gas pipeline
from Russia to Europe.
"It was never communicated to the (European) Commission that South Stream
has a final route," said Marlene Holzner, spokeswoman for Energy
Commissioner Guenther Oettinger. "We don't regard this as a final
investment decision," she said.
The multi-billion euro pipeline would carry gas from
Russia
to
Europe
,
bypassing
Ukraine
, but
its construction is still controversial, as the EU requires pipeline operators
to offer part of the infrastructure's capacity to competitors, something that
has created tensions with Gazprom, which owns many of the pipelines bringing
gas to the EU. The region is heavily dependent on imports of Russian gas.
The 3,600-kilometer South Stream pipeline is expected to carry 63 billion cubic
meters of gas to
Europe
annually by 2015. Gazprom has
said it will make supplies to
Europe
more
reliable, but analysts have questioned whether it is needed.
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