VIENNA - Reuters
Austrian energy group OMV and Russia’s Gazprom are considering reviving a gas pipeline project through the Black Sea
to central and southern Europe, an Austrian newspaper said on June 13.
Austrian Chancellor Christian Kern and Russian
President Vladimir Putin discussed the issue during Kern’s visit to an economic forum in St Petersburg this month, Der Standard said, citing insiders.
OMV and Gazprom had signed an outline deal in the Russian
city to coordinate “the development of the gas transmission infrastructure required for providing natural gas supplies to central and southeastern Europe.”
A source familiar with the plans told Reuters it was too early to talk about project costs and investments. If realized, the project would likely boost the importance of OMV’s Baumgarten gas hub, which distributes around 57 billion cubic meters a year.
Der Standard said the project would be an extension of the TurkStream pipeline, which Gazprom plans to finish by the end of 2019. The extended line could pump Russian
gas to Italy, which currently receives supplies from Baumgarten via the TAG and SOL pipelines.
gas could go from western Turkey via Greece
Spokesmen for OMV and Kern declined to comment. Gazprom had no immediate comment.
Russia scrapped the South Stream pipeline project, which would have supplied Russian
gas to southern Europe
with an undersea pipeline to Bulgaria, in late 2014 because of objections from the European Union
on competition grounds.
The dispute between Brussels and Moscow followed Russia’s annexation of Crimea from Ukraine
and the imposition of Western economic sanctions on Russia
over the Ukraine