Home » Business » Der Standart: OMV and Gazprom focus on revival of South Stream – 2024-07-19 23:46:01

Der Standart: OMV and Gazprom focus on revival of South Stream – 2024-07-19 23:46:01

/ world right now information/ The Austrian firm OMV and Gazprom are discussing the revival of the South Stream mission, Der Standart newspaper experiences.

“The principle beneficiary of South Stream’s resuscitation plans may very well be OMV and Austria as a fuel hub,” the paper stated. He reminds that that is worthwhile for the nation, as a result of the transit of Russian fuel to Europe through the building of “South Stream” will go by means of the Austrian fuel hub in Baumgarten.

Based on the publication, Austria plans to win the sport shortly earlier than the development of the second route of the Turkish Stream mission alongside the underside of the Black Sea begins. The fuel for will probably be destined for Europe, whereas the fuel from the primary shake will go to the Turkish market.

OMV assumes that the Russian fuel from the second route of “Turkey Stream” will go by means of the fuel transmission programs of Bulgaria, Serbia, Hungary and from there to the Austrian hub Baumgarten. “Gazprom is claimed to be able to promote fuel to OMV,” the publication famous.

It emphasizes that there isn’t a affirmation of this data both by the Austrian authorities or by OMV. “No surprise. The implementation of those plans could have not solely long-term financial penalties, but additionally geopolitical ones. Till every little thing is signed and sealed, the best degree of secrecy is maintained,” the article commented.

Bulgaria and Hungary have already expressed readiness to resuscitate South Stream, however the Russian Ministry of Vitality stated it was not contemplating the potential of returning to this mission. /RIA-Information

Vienna, Austria

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