The agreement on building and operating OAO Gazprom's (GAZP.RS) South Stream pipeline on European Union territory between Russia and the EU prevails over European energy law, Russian Prime Minister Dmitry Medvedev told journalists Tuesday, Interfax reported.
The agreement on building and operating OAO Gazprom's (GAZP.RS) South
Stream pipeline on European Union territory between
Russia
and
the EU prevails over European energy law, Russian Prime Minister Dmitry
Medvedev told journalists Tuesday, Interfax reported.
The agreement between EU and
Russia
is
governed by international law and thus trumps the so-called Third Energy
Package, which is a national law, Mr. Medvedev said.
The EU energy commissioner said Friday that
Russia
should lodge an application with the EU for an exemption to its energy rules so
that it can operate South Stream the way it hopes to on EU territory.
The European Commission also said last week that agreements signed between
Russia
and
six EU member states through which South Stream will pass weren't in line with
EU rules. It asked the member states to go back and amend these agreements to
comply with the bloc's laws, in particular the opening up of various parts of
the operation of the pipeline to competition.
Mr. Medvedev also said he sees opportunities for aligning the interests of the
EU with the energy agreements that have already been made.
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