Montenegro 'Interested' in South Stream Pipeline

July 30, 2014

Montenegro's Economy Minister Vladimir Kavaric announced that his country desired to be included in the South Stream gas pipeline project.

"South Stream is part of the diversification opportunities for our energy sources and also an opportunity to increase competitiveness of our economy. We have not yet received an official invitation, but there were negotiations with representatives of [Russian energy concern] Gazprom on that issue," Kavaric was quoted by Montenegro's leading daily Vjesti as saying.

The minister explained that Gazprom representatives had held talks with Gazprom authorities over Montenegro's gas demand.

Kavaric's statements follow comments from Hungarian Prime Minister Viktor Orban, who said on Sunday Budapest was still willing to "cooperate" with Gazprom on the project, despite the EU's stance on the need to reduce European gas dependence on Russia.

Copyright, Novinite, 2014.