Friday, May 22, 2009

Romania to supply Russia technical data on South Stream project

Bucharest, May 21 /Agerpres/ - Gazprom officials asked Romania to supply certain technical data in order to build the South Stream pipeline and Economy Minister Adriean Videanu assured them of Romania's readiness to supply such data, the Economy Ministry said in a release on Thursday.

Minister Videanu and energy companies' officials are visiting Moscow and they met the Gazprom officials.

'South Stream is no zero priority for Romania which is currently supporting the Nabucco project,' Minister Videanu said in April.

The two parties have examined the cooperation opportunities between the Romanian companies and Gazprom in the investment projects in the natural gas field. Romania and Russia might resume the cooperation on building the natural gas depot in Roman-Margineni (eastern Romania) currently seen as a win-win project by both sides. In this context, Romgaz officials presented a draft memorandum for this cooperation and the Russian side is to analyze the document.

Minister Videanu presented the Gazprom officials the cooperation opportunities relating projects aimed at building electricity power stations using natural gas, having in view Romania's goal of making electricity in such power stations.

Likewise, given that the current agreements on supplying Russian natural gas to Romania run out in 2011, a principle talk was held about the necessity to start the negotiations on the issue, in the coming period.

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