Gazprom Head Might Visit Bucharest This Week – Sources

Russian gas group Gazprom’s chairman Alexei Miller will visit Romania’s capital city Bucharest this week to talk with local authorities about the South Stream gas pipeline project, people close to the matter told MEDIAFAX Monday.

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Imaginea articolului Gazprom Head Might Visit Bucharest This Week – Sources

Gazprom Head Might Visit Bucharest This Week – Sources

They also said Miller is expected to arrive in Bucharest Wednesday and to stay here for maximum two days.

In June, former Economy Minister Adriean Videanu met Gazprom representatives in Moscow to discuss about possible partnerships in several energy projects. At that time, Videanu said local authorities will give Gazprom in August all the data regarding the feasibility study and Romania's participation in the South Stream gas pipeline.

In September, a Russian delegation in charge with the South Stream project met with representatives of Romania's Economy and Foreign Affairs Ministries and several officials at local gas companies Romgaz, Transgaz and Conpet to discuss potential joint projects in the energy sector, with main focus on the setting up of underground gas storage facilities in Romania.

In addition, the Romanian party confirmed its interest to participate in the South Stream project, Gazprom said in a statement in September.

South Stream will have a length of 900 kilometers and is estimated to transport 63 billion cubic meters of natural gas annually. The project is seen as rival to the planned Nabucco pipeline, in which Romania already committed to participate.

Nabucco is scheduled to deliver approximately 31 billion cubic meters of gas annually from the Caspian Sea to Central Europe via Turkey and Romania, bypassing Russia.

Both projects are due for completion sometime in 2015.

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