White Stream

The cost of the future Turkish Stream gas pipeline project is comparable to the cost of the abandoned South Stream project, according to Gurkan Kumbaroglu, President-Elect of the International Association for Energy Economics (IAEE).

Slovakia's gas pipeline operator Eurostream is proposing to Bulgaria and Romania to build an interconnection to reduce their dependence on Russian gas supplies, Reuters has reported.

EU plans to "continue discussions on South Stream"

BRUSSELS -- The European Commission will continue discussions on the South Stream gas pipeline despite the announcement of Russia that the project was dead.

"The next meeting" on this subject will be held on December 9, said European Commission Vice President for Energy Maros Sefcovic.

South Stream gas pipeline is not considered priority for the EU, press secretary of the EU Energy Commissioner Gunther Oettinger, Sabine Berger, said on Saturday.

“As for organization of negotiations on South Stream, over discussing the project we, surely, should consider the general context of the relations between Russia and the EU,” she told Itar-Tass.