Gazprom doesn't rule out "prompt unfreezing" of South Stream

Russia's gas giant Gazprom is ready to unfreeze its South Stream pipeline project within a short period of time - if the political environment changes.

Source: Tanjug, TASS
(Thinkstock)
(Thinkstock)

Gazprom Deputy Chairman of the Management Committee Andrei Kruglov said this on Wednesday.

"The Russian side has created capacities for this project’s implementation. Currently they’re partially used for providing gas to consumers in Russia’s Krasnodar Region and the southern area while the rest of capacities have been frozen. In case the political situation changes and a decision is made to resume the project - either Turkish Stream or South Stream - they may be used for implementation within a short period of time," he said, according to TASS.

"I’m confident that it won’t take much effort to resume all those talks that have already been held as in general all the participants and financial organizations as well as export agencies involved remained in place," Kruglov said.

TASS reported that Russia’s Energy Minister Aleksandr Novak said earlier this country was "ready to implement the South Stream project in case of Europe’s guaranteed demand."

Serbia was one of the countries participating in the South Stream project, abandoned in December 2014.

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