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Russia: Putin showed strong support to Gazprom on natural gas projects to Europe

PutinAlexey Miller Chairman of the Gazprom Management Committee met with Russian President Vladimir Putin.

Mr Miller said “There is no doubt that in December 2015 the first natural gas string will be completed and our gas will arrive in the European Union, namely Bulgaria. All four strings will be finished by December 2017, and the design capacity of the South Stream gas pipeline will total 63 billion cubic meters”.

However, as President Putin have said, the reliability and stability of supplies to Central and Eastern Europe, particularly Poland, Slovakia and Hungary remain an open question. Therefore, following your assignment, we have worked through the option of building a gas pipeline from Belarus with full awareness that gas transit through Belarus via the Yamal – Europe-1 gas pipeline is the most cost efficient for us today. transmission projects.

Alexey Miller reported to President Putin the execution of Nord Stream and South Stream megaprojects, Nord Stream was completed in strict compliance with the schedule. Last October we brought the gas pipeline to its design capacity of 55 billion cubic meters of gas by constructing two strings.Pursuant to your instructions, we started building South Stream last December. There is no doubt that in December 2015 the first string will be completed and our gas will arrive in the European Union, namely Bulgaria. All four strings will be finished by December 2017, and the design capacity of the South Stream gas pipeline will total 63 billion cubic meters.

The supplies to Central and Eastern Europe, particularly Poland, Slovakia and Hungary remain an open question. Gaprom have worked through the option of building a gas pipeline from Belarus with full awareness that gas transit through Belarus via the Yamal – Europe-1 gas pipeline is the most cost efficient for us today.

Nowadays, the gas transmission system is owned by Gazprom. And it is this gas supply route to our European consumers that is the most efficient (efficient in terms of logistics) for us.

The market research showed that we could go with 15 billion cubic meters of gas. Talks were held with our colleagues from Hungary, Slovakia and Poland on the corporate level. And we are ready to start a pre-feasibility study, i.e. to launch a pre-investment stage.

We understand that the project could be initiated after the completion of South Stream, and this project could be an addition to all the efforts we take to secure more stable and reliable transit to the European Union.

By. Boris Ivanov
New York News
Russia