facebook
twitter
rss
account
search
search
 

Europe rules Serbia is breaking gas pipeline rules

Feb. 25, 2014 at 7:10 AM   |   Comments

VIENNA, Feb. 25 (UPI) -- Serbia hasn't taken the steps necessary to keep natural gas suppliers out of the pipeline transit sector, a European regulator said.

The Energy Community Secretariat said state-owned transit company Srbijagas and Yugorosgaz, a subsidiary of Russian energy company Gazprom, have not met their obligations to separate production from gas transmission as European legislation requires.

The secretariat ruled Srbijagas hasn't unbundled its transit system activities. While Yugorosgaz has set up a separate pipeline subsidiary, that wasn't enough to ensure independent decision making within the company.

"Serbia is now requested to rectify the identified issues of non-compliance within a time limit of two months," the secretariat said in a statement Monday.

The decision followed a meeting between Srbijagas and Gazprom to discuss the South Stream natural gas pipeline, a transit system that would run through the Black Sea to European consumers.

Gazprom said the pipeline is meant to add diversity to Russia's export routes through Europe. A contractual dispute between Gazprom and its counterparts in Ukraine, which hosts most of Russia's gas for Europe, adds a layer of risk to conventional routes.

Gazprom said it plans to commission parts of South Stream before the end of 2015.

© 2014 United Press International, Inc. All Rights Reserved. Any reproduction, republication, redistribution and/or modification of any UPI content is expressly prohibited without UPI's prior written consent.
Most Popular
1
Navy tests MQ-8C unmanned helos Navy tests MQ-8C unmanned helos
2
Europe must drop the euro, Germany abandon mercantilism Europe must drop the euro, Germany abandon mercantilism
3
Harris selected for geospatial data products Harris selected for geospatial data products
4
Sweden plans to replace its Defense and Security Export Agency Sweden plans to replace its Defense and Security Export Agency
5
Throwback Thursday: Facebook launches old-school 'Rooms' app Throwback Thursday: Facebook launches old-school 'Rooms' app
Trending News
Around the Web
x
Feedback