EMerging Equity
South Stream pipeline
Greece And Russia Sign Deal On Turkish Stream In The Mist Of The Greek Debt Crisis
On June 2nd, EMerging Equity reported that Greece was planning to sign a document on political support for Gazprom’s Turkish Stream project at the St. Petersburg International Economic Forum. Surprisingly, while struggling with its debt, Greece wanted to allocate $2 billion to support its construction. And … it happened. Russia and Greece have signed a deal to create a joint enterprise for construction … Continue reading
Greece Plans To Sign €5 Billion Deal With Russia On Turkish Stream Pipeline, Spiegel Says
Greece and Russia are planning to sign a bilateral agreement which would grant Athens up to five billion euros as prepayment for the construction of the Turkish Stream gas pipeline, according to a report on Friday from German magazine Spiegel. According to Spiegel, a deal is planned to be signed on Tuesday, and if the agreement is reached Greece would receive three to five billion … Continue reading
Europe’s Addiction To Russian Natural Gas To Continue
By Ronan Keenan Over the past year, many have clamoured for the EU to reduce its energy reliance on an increasingly revanchist Russia. As approximately 30% of its natural gas imports stem from Russia, it seems logical that the EU should lower its dependence on Moscow. Russia does not enjoy a steadfast export reputation, as … Continue reading
Russia, Greece Discussed Plans Of Gas Pipeline Construction Across Turkey, Lavrov Says
Greece has showed interest in Russia’s plans to construct a gas pipeline across Turkey during talks on energy cooperation, Russian Foreign Minister Sergey Lavrov said on Wednesday, TASS reports. “We discussed energy cooperation, considering Athens’ interest in the plans of building a gas pipeline from Russia to Turkey and to the Greek border,” Lavrov said. “We … Continue reading
Gazprom Becomes 100% Owner Of Abandoned South Stream Gas Pipeline
Gazprom has bought out the shares of South Stream Transport BV, a company that was in charge of the construction of the cancelled gas pipeline marine section. Italy’s Eni, Wintershall of Germany, and France’s EDF have decided to withdraw from the South Stream project. They have sold their shares to Gazprom, which already owned 50 percent … Continue reading
End Of South Stream Pipeline: Winners And Losers
By Daisy Sindelar Russian President Vladimir Putin rarely makes an uncalculated gesture or concedes defeat. So his announcement on December 1 that Russian energy giant Gazprom was pulling out of plans to build the South Stream natural gas pipeline to southeastern Europe took many by surprise. Russia had long sought a direct route to Europe that would bypass transit … Continue reading
South Stream Halt Is ‘Casualty Of Sanctions’ – Expert To RT
The breakdown of talks between Russia and Europe over the South Stream pipeline is another example of diplomatic discord between Moscow and Brussels, but they still need to cooperate over gas for the next 20-30 years, economist Max Fraad Wolff told RT. “South Stream looks like yet another casualty of sanctions and poor relations between … Continue reading
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