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Russia’s dropping South Stream regretful developments for Europe — Austria’s OMV CEO

December 02, 2014, 16:37 UTC+3
Possibilities of supplying south-eastern Europe with gas are reduced and dependence on one supplier and one route via Ukraine is high, CEO of Austria’s oil and gas company OMV Gerhard Roiss said
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© EPA/KOCA SULEJMANOVIC

VIENNA, December 2. /TASS/. Russia’s abandoning the South Stream gas project is “regretful developments for Europe,” CEO of Austria’s integrated, international oil and gas company OMV Gerhard Roiss said in the interview with Austrian radio O1 on Tuesday.

“It is regretful developments for Europe, since it needs Russian gas, it cannot do without Russian gas,” he said. “But pipeline facilities are needed to ensure secure energy supplies. So, what is going on is a step in the wrong direction.”

“The problem today is that possibilities of supplying south-eastern Europe with gas are reduced and dependence on one supplier and one route via Ukraine is high,” he said.

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