Austria Weighs EU Exceptions To Speed Up South Stream Project – 23 June 2014

The South Stream gas pipeline project is too important for the EU to be “put on ice”, the head of Austrian energy group OMV, Gerhard Roiss, stressed, even speaking of possible European law exceptions for Gazprom in order to speed up negotiations.

In an interview with the WirtschaftsBlatt newspaper, Roiss said that it’s unrealistic to suggest that Austria, which receives a third of its gas from Gazprom, and Europe as a whole, would be able to cope without Russian supplies.

“If we can obtain large amounts of gas from a particular region, then we need to give investors the chance to build gas highways,” he explained. “Negotiations for South Stream should therefore be accelerated, but not put on ice.”

Read the full story at: www.rt.com / link to original article