Russia Hasn't Dropped Idea of New Gas Route to South Europe
Russia still wants a new pipeline route to export gas to southern Europe despite the cancellation of the South Stream gas project, President Vladimir Putin said on Friday. Putin said the expansion of the Nord Stream pipeline, under the Baltic Sea, was not an alternative to the cancelled South Stream route. He also said Russia was not turning its back on exporting gas to Europe via Ukraine, but that it was vital there were alternative routes too.
Gazprom Delays Link to Turkish Gas Line
Gazprom has told pipeline makers to suspend deliveries of pipes for expanding Russia's network to be connected to the proposed Turkish Stream project, an industry source said on Monday. The delay is another snag in Moscow's plans to build a gas pipeline via the Black Sea to Turkey, and on to south Europe in order to bypass Ukraine. "We've got a note (from Gazprom) to suspend deliveries," the source in the pipeline making industry told Reuters.
UniMarine Opens Office in Pireaus
UniMarine announced the opening of its new office UniMarine South Europe & Mediterranean. Located in Piraeus (Greece), the office will be servicing the Southern European and Mediterranean region. The office will be headed up by Mr Spiros Stamou who has been active in the marine lubricants market for many years and brings with him a wealth of experience in this key area of the world for the marine industry .
China State Grid Quietly Builds Mediterranean Power Network
The European Commission has long wanted the continent's power grids to work in unison for reasons of efficiency and supply security, so far to little avail, but a regional power network could soon be a reality, courtesy of State Grid Corporation of China. While Europe's utilities have met hostility to cross-border forays and been outbid by infrastructure funds, State Grid…
