Russia Considering Alternatives To South Stream Gas Pipeline Project - Minister
Moscow, 17 May: In connection with the failure to receive permission from Turkey for the construction of the South Stream (gas pipeline) along the bed of the Black Sea, Russia is considering the possibility of using the Yamal LNG project as an alternative source of gas supplies to Europe.
"We are still awaiting a final decision on the construction, but, as a matter of fact, we are not going to sit idle. As you know, we are working on issues that, amongst other things, are associated with alternative routes of delivering gas to Europe, including through the Yamal LNG project," Energy Minister Sergey Shmatko told a news briefing in Moscow.
According to him, there will be a presentation of the South Stream project in the building of the European Commission on 25 May, at which the project's preliminary feasibility study, information on its significant and guaranteed resource base that will support the project for a long time, and other aspects will be presented in detail.
"We want to present the technologies that our partners will be using in the construction of this complex technological structure, and, without a doubt, we will touch on issues of regulating such a project from the point of view of the Third Energy Package as well," the minister said.
According to him, the fact that the presentation will be held at the European Commission shows that "Europe, at least, is no longer too cautious and avoiding contacts and prospects for cooperation".
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