Gazprom will not give up South Stream after the decision on Ukraine’s GTS

Gazprom” even in case of reaching an agreement to manage the gas transportation system (GTS) of Ukraine will not abandon the pipeline project “South Stream”, said deputy chairman Alexander Medvedev, gas holding reporters Wednesday.

In the framework of gas talks in Moscow and Kiev recently discussing the possibility of a joint venture to manage the Ukrainian GTS.

“Even if we count the” Nord Stream “,” South Stream “, Nabucco, LNG count anyway deficit (supply of gas to Europe - ed.) - 15-20 billion (cubic meters - ed.)” - Said Medvedev, in response to question whether the “Gazprom” to abandon the project “South Stream” in the event of reaching agreement on the creation of a joint venture to manage Ukraine’s GTS.

28 December 2011

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