Also, a release from Gazprom said the Romanian authorities confirmed their interest in joining the South Stream project and gave the Russian officials the data required for making the feasibility study of a possible transit route on Romania's territory.
A Gazprom delegation led by the company's vice president Aleksandr Medvedev came to Romania Wednesday morning for discussions with the officials of the Economy Ministry. After the discussion, the Russian gas giant Gazprom said it plans to develop a direct relation with the Romanian gas producer Romgaz after the current supplying contracts run out.
Yesterday's agenda included subjects of interest for the bilateral cooperation in the power sector, according to the Economy Ministry. Some of the aspects tackled were the gas imports from Russia, the collaboration with Romgaz for developing storage capacities on Romania's territory, as well as the collaboration with Transgaz for spreading the transit network and expanding the natural gas transit contracts towards the countries in the Balkans, which run out in 2011, the release reads.
Moreover, there had been some discussions on expanding the collaboration with Gazprom in producing electricity, the ministry said.
The two parties agreed to meet again at the end of March to settle all the data on the projects tackled.
The South Stream pipeline will be constructed by Gazprom and Italian group ENI and link Russia with Italy by crossing Bulgaria and Greece and then with Austria by passing Bulgaria and Serbia. The project is estimated around 15 billion euros and foresees an annual transport of 31 billion cubic meters of gas from Central Asia to Europe, avoiding Ukraine.
The pipeline will spread over 900 kilometers and the first deliveries should begin in 2015.
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