Gazprom CEO Declares South Stream Gas Pipeline Project Closed

Energy | January 14, 2015, Wednesday // 16:52|  views

Gazprom CEO Alexei Miller, photo by EPA/BGNES

Gazprom CEO Alexei Miller has said that the South Stream gas pipeline has been conclusively abolished and the Turkish Stream project has been put on the agenda.

Miller was quoted as saying that the EU had to fast-track the construction of infrastructure for receiving gas supplies through the Turkish Stream pipeline.

The CEO of Gazprom underscored that work on the construction of the new gas pipelines in the EU countries had to start as soon as possible so that the deadlines would be met.

“Our European partners have been informed about this and it is their job to create the necessary gas infrastructure to the Greek and Turkish borders,” he explained, according to reports of the BGNES news agency.

Asked to comment on the fate of the South Stream gas pipeline, he told journalists that the project had been abolished and that the Turkish Stream project was the only viable route for the delivery of 63 billion cubic meters of gas a year.

Miller explained that there was no other option for these shipments which were now being transported via Ukraine.

“Gazprom is building a strategy of its own based on the plan for the establishment of an EU energy union,” Miller declared.

He expressed hopes that the establishment of an EU energy union would not undermine the reliability and security of energy supplies.

The CEO of Gazprom argued that risks to the transit of gas via Ukraine still existed.

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Tags: Alexei Miller, Gazprom, South Stream gas pipeline, South Stream gas pipeline project, Turkish Stream, gas supplies, energy union


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