Eni and Snam mulling ‘South Stream Lite’ investment

The Italian companies have hinted they may be open to investing in a new pipeline across the Balkans intended to be a substitute for Ukrainian transit after 2019 The Italian companies have hinted they may be open to investing in a new pipeline across the Balkans intended to be a substitute for Ukrainian transit after 2019.
By Silvia Favasuli 20 March 2018 0 30070
Construction of South Stream in Bulgaria in 2013. (Gazprom) Construction of South Stream in Bulgaria in 2013. (Gazprom)

Eni and Italian transmission system operator (TSO) Snam are considering investing in a pipeline to transport Russian gas from Turkish Stream to Austria via Bulgaria. As a country reliant on Russian supplies from the Baumgarten hub, Italy wants to ensure enough gas supplies can reach Austria after Gazprom stops exporting via Ukraine. 

Eni Chief Executive Claudio Descalzi and Snam Chief Executive Marco Alverà said last week that they would consider taking part in the project. The pipeline has been dubbed ‘South Stream Lite’ because it would...

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