South Stream
The construction of the Kazachya compressor station (CS) started today in the Krasnodar Territory. At the moment, the foundation is being built for the station facilities.
Prime reports that Russia has proposed to fully finance the construction of a 1.7 billion euro stretch of the South Stream gas pipeline in Serbia with the partner’s portion to be returned later from transit tariff payments, Serbian Prime Minister Ivica Dacic said on Wedn
The Ukrainian government expressed frustration over developments with the South Stream natural gas pipeline, saying it was against its national interests, UPI reports.
UPI reports that a former U.S. ambassador to Azerbaijan said it appears the European Union is leaning in favor of Nabucco West to transport natural gas to Europe.
Prime reports that Kiev wants to participate in all negotiations associated with the construction of the Russia-led South Stream gas pipeline, designed to pump gas to Europe and bypassing Ukraine, Kommersant Ukraine reported Tuesday.
Reuters reports that Russian group Gazprom said it will have to spend 510 billion roubles ($16.9 billion) upgrading its domestic gas pipeline system for the planned South Stream undersea link to Europe, increasing the project's cost.
UPI reports that Russian natural gas company Gazprom expects to focus the bulk of its pipeline manufacturing on the South Stream project, Chairman Alexei Miller said.
The Gazprom headquarters hosted a regular meeting of Alexey Miller, Chairman of the Company's Management Committee and heads of Russian pipe manufacturing companies.
Dow Jones reports that Russian natural gas producer OAO Gazprom said Thursday it had signed a deal with Croatia's state-owned pipeline operator Plinacro to build a branch to the country from the planned South Stream pipeline.
South Stream Transport, the entity responsible for South Stream's offshore section is performing engineering surveys and compiling project documentation, Gazprom reported in a news release.