Électricité de France

Russia will build the South Stream pipeline if Europe needs to diminish transit risks and secure stable gas supplies, according to Russia's Economic Development Minister Alexey Ulyukayev.

Ulyukayev, as cited by ITAR-TASS, suggested that the South Stream gas pipeline project would only be built if European consumers wanted to reduce transit risks.

The launch of the construction works for the underwater section of the South Stream gas pipeline has been postponed by a month, according to a Gazprom official.

Serbian Foreign Minister Ivica Dacic and his Hungarian counterpart Peter Szijjarto have agreed that the South Stream gas pipeline is a project of mutual interest for the two countries.

Hungary passes law to allow building of S. Stream

BRUSSELS -- The European Commission has asked Hungary to explain a new law passed in order to speed up construction of pipelines "such as South Stream."

Bulgaria and Austria both believe Europe needs energy diversification and support a South Stream gas pipeline project that would comply with EU law, their presidents said on Thursday.

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Hungary is currently planning to begin the construction of the South Stream gas pipeline in the spring of 2016, media sources say.

Gazprom executives are to meet November 5 to consider the approval of certain transactions with the assets of South Stream Bulgaria, the Russian energy giant announced.

Alexander Ivannikov, First Deputy Head of the Department for Finance & Economics at Gazprom, has announced a major spike in the cost of the South Stream gas pipeline.

Westinghouse Electric has welcomed the European Commission's conclusion that the UK's revised plan to subsidise the construction of a new nuclear power plant at Hinkley Point is in line with EU state aid rules.

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SAINT PETERSBURG/BELGRADE - Gazprom has filled the underground gas storage facility in Banatski Dvor, northern Serbia, to capacity and it now contains 450 million cubic metres of gas as an additional guarantee of the security of Russian gas exports to Serbia, Hungary and Bosnia and Herzegovina during the approaching winter.