ANALYSIS-Russia's South Stream gas line viable but legally risky | Reuters:
"* South Stream could be economically viable despite huge costs
* Plans to pump 63 bcm of gas to south Europe from 2018
* Would cement Russian dominance of Europe's gas supplies
* Pipeline route avoids Ukraine
By Barbara Lewis and Henning Gloystein
BRUSSELS/LONDON, Dec 16 (Reuters) - Russia's South Stream pipeline project for transporting gas to southern Europe is economically viable, despite its price tag of $45 billion, but legal issues with Brussels risk derailing the entire endeavour.
In a sign of the strategic but fraught relationship between Russia and the European Union, state-controlled Gazprom this month opened a new office in Brussels, taking up two floors of a city centre property.
In town for the opening, Gazprom Deputy Chairman Alexander Medvedev called in at the European Commission, the EU executive, and offered concessions to try to settle an EU investigation into charges it has priced gas unfairly."
'via Blog this'
No comments:
Post a Comment