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Russia to discuss South Stream, Third Energy Package in Brussels

July 11, 2014, 16:22 UTC+3 BRUSSELS
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BRUSSELS, July 11. /ITAR-TASS/. Russian Economic Development Minister Alexei Ulyukayev said on Friday he intended to discuss Russia’s South Stream gas pipeline project and the EU’s Third Energy Package at talks with European Trade Commissioner Karel de Gucht.

“At our bilateral meeting, we’ll also discuss this side of the matter,” the minister said.

“We’ll discuss or at least we’ll raise the issues of the Third Energy Package and the South Stream,” Ulyukayev said.

South Stream is a global infrastructure project, which Russian energy giant Gazprom is implementing, building a gas pipeline with a capacity of 63 billion cubic meters through the Black Sea to countries in Southern and Central Europe to diversify gas export routes and eliminate transit risks.

The European Commission is concerned that this project will increase Russia’s influence in Europe. Last autumn, the European Commission launched an anti-monopoly probe into the South Stream project which, according to its estimates, contradicts the EU Third Energy Package, which requires the separation of energy production, transportation and sales.

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