Romania has declared that it is willing to replace Bulgaria as part of the route for Gazprom’s South Stream Pipeline.
According to an official position issued by the Romanian Economy Ministry, the South Stream Pipeline could start at the Port of Constanta on the Black Sea and divide in two travelling to Serbia and Hungary.
The announcement follows comments made earlier this month by Gazprom Deputy Chief Executive Alexander Medvev outlining that the company had other options if Bulgaria chose to rethink its participation in the project.
Gazprom has already made agreements regarding South Stream with Bulgarian, Greek and Serbian energy companies. Russian Prime Minister Vladimir Putin has also invited Austria to join the project but a final response has not yet been given.
With a capacity of 63 Bcm/a, the South Stream Pipeline will deliver gas from Russia and Central Asia to Europe via the Black Sea.
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The pipeline is expected to cost between $US28–36 billion and is planned to become operational in 2015.
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