Due to the high dependence that EU has for gas supplies there is a big possibility that a compromise will be found

26 june 2014 | Izvestia

The European Commissioner for Energy Günther Oettinger, recently threatened EU countries with negative consequences if they continue to support the project of laying a gas pipeline under the Black Sea called "Southern Stream". He made that announcement in an article of the German magazine Handelsblatt on 25 June. According to Mr. Oettinger, construction of the pipeline does not comply with European law.

Alexander Kurdin
Alexander Kurdin
Department for Strategic Studies in Energy

The Head of the Department for Strategic Studies in Energy of the Analytical Center Alexander Kurdin, commented to “Izvestia” on the statement given by the European Commissioner by saying that “Partially the statement of Mr. Oettinger is due to the intensified political relations between Russia and the EU. Besides that, there is indeed an objective discrepancy between the provisions of European law, "Southern Stream" and The European Union's Third Energy Package which stipulates that a gas producing company cannot be the owner of the gas pipeline”.

The expert also considers that due to the high dependence that EU has for gas supplies there is a big possibility that a compromise will be found and the existing issues will be bypassed.