News

World news Bookmark and Share

10.12.2014 11:00
Greece, Bulgaria and Romania Agree on "Vertical Gas Corridor"
SEE energy ministers met to discuss gas infrastructure priorities
AUTHOR: publics.bg


  • © Европейски парламент

On December 9 representatives of Austria, Bulgaria, Croatia, Greece, Italy, Romania and Slovenia as well as European Commission Vice-President for Energy Union Maros Sefcovic have met to discuss gas infrastructure priorities for Central- and South-Eastern Europe.

Member States directly concerned and the Vice-President discussed the announcement by the Russian Federation and Gazprom to stop the South Stream project. Member States directly concerned took note of the currently unofficial nature of this announcement and invited the Vice-President to clarify the situation with the Russian side. All Member States agreed that the EU must remain strongly committed to integrating Central and South-Eastern European gas markets and diversifying gas suppliers, sources and routes. This is also a key objective of the Energy Union, one of the priority projects of the new Commission, a press release by the EC announced after the meeting.

The integration of gas markets and the diversification of gas supplies will namely require putting in place the necessary infrastructure and implementing harmonised rules for the benefit of customers in that region. This can be achieved by implementing key regional projects (e.g. LNG terminals with corresponding pipeline systems, connections to the Southern Gas Corridor, or the development of East Mediterranean and Black Sea offshore gas reserves), by improving interconnections within the region, in particular between Bulgaria and its neighbouring countries, and by improving North-South interconnections enabled with bi-directional flows. New routes operated in line with EU law can also contribute to increased security of supply in the region.

To achieve this common objective, and in view of the vulnerability of the region as demonstrated in the recent stress tests, it is crucial to swiftly complete projects already underway and speed up development of projects of common interest identified as being of strategic importance. In this context Member States and the Vice-President welcomed the joint statement signed today by Greece, Bulgaria and Romania on the natural gas "Vertical Corridor" connecting their countries.

Member States and the Vice-President agreed, also in the view of the results of the recent stress tests, to set up a high-level working group consisting of the concerned Member States with the support of the European Commission to coordinate these efforts to facilitate the development and execution of cross-border projects as well as trans-European projects allowing for diversification of gas supplies to the region. The first deliverable of the high-level working group will be to develop an action plan for integrating Central and South-Eastern European gas markets and interconnections.

Concerned Member States and the Vice-President were also united in their view on the importance of the involvement of the Energy Community Contracting Parties in the process of improving market integration and supply diversification in the region.

It was agreed that the more general issue of Europe's energy security will be further discussed in broader terms having in mind the new scenario of gas supply.
 


TAGS: Bulgaria | Greece | Romania | vertical coridor | gas | infrastructure | natural gas | Gazprom | gas supply | energy | EU | Southern Gas Corridor 


All world news

No published comments
Login to comment


Interview

20.03.2022  Teodor Bobochikov, Managing Partner, V-Ridium
Energy Transformation – Trends and drivers
Full text

Events

No records in this category!

Poll

What kind of transport do you use to get to work?











 



We use cookies to ensure we give you the best browsing experience on our website. Find out more on how we use cookies and how you can change your settings.

Cookies

What are cookies ?

A cookie is a small text file that a website saves on your computer or mobile device when you visit the site. Cookies are widely used in order to make websites work, or work more efficiently, as well as to provide information to the owners of the site.

How do we use cookies?

Website use Google Analytics, a web analytics service provided by Google, Inc. ("Google") to help analyse the use of this website. For this purpose, Google Analytics uses"cookies", which are text files placed on your computer.

The information generated by the cookies about your use of this website - standard internet log information (including your IP address) and visitor behaviour information in an anonymous form - will be transmitted to and stored by Google including on servers in the United States. Google will anonymize the information sent by removing the last octet of your IP address prior to its storage.

According to Google Analytics terms of service, Google will use this information for the purpose of evaluating your use of the website and compiling reports on website activity.

We not use, and not allow any third party to use the statistical analytics tool to track or to collect any personally identifiable information of visitors to this site. Google may transfer the information collected by Google Analytics to third parties where required to do so by law, or where such third parties process the information on Google`s behalf.

According to Google Analytics terms of service, Google will not associate your IP address with any other data held by Google.

You may refuse the use of Google Analytics cookies by downloading and installing Google Analytics Opt-out Browser Add-on. The add-on communicates with the Google Analytics JavaScript (ga.js) to indicate that information about the website visit should not be sent to Google Analytics.

Cookies are also used to record if you have agreed (or not) to our use of cookies on this site, so that you are not asked the question every time you visit the site.

Google Analytics Opt-out Browser Add-on

How to control cookies?

You can control and/or delete cookies as you wish. You can delete all cookies that are already on your computer and you can set most browsers to prevent them from being placed.

All about cookies

Managing cookies in your browser

Most browsers allow you to:
  • see what cookies you have got and delete them on an individual basis
  • block third party cookies
  • block cookies from particular sites
  • block all cookies from being set
  • delete all cookies when you close your browser

If you chose to delete cookies, you should be aware that any preferences will be lost. Also, if you block cookies completely many websites (including ours) will not work properly and webcasts will not work at all. For these reasons, we do not recommend turning cookies off when using our webcasting services.
X