Energy, Environment & Transport

Gazprom revives ‘Poseidon’ Adriatic link

Gazprom has revived a project that would see an offshore pipeline built to bring Russian gas from Greece to Italy. The new project is named “Poseidon”.

Planned route of the Poseidon pipeline. [IGI]

Georgi Gotev Euractiv Feb 26, 2016 07:58 3 min. read Content type: Euractiv is part of the Trust Project
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Background

The South Stream pipeline was designed to carry 63 bcm/y of Russian gas across the Black Sea to Bulgaria, and via Serbia, Hungary and Slovenia, to Italy. Its main shareholders were Russia’s Gazprom, and Italy’s ENI.

On 1 December 2013, Russia scrapped the South Stream pipeline project to supply gas to southern Europe, without crossing Ukraine, citing EU objections, and instead named Turkey as its preferred partner for an alternative pipeline.

>>Read: Russia says South Stream project is over

After Russian-Turkish relations deteriorated over the downing of the Russian warplane at the Syrian border on 24 November 2015, word is out that Russia may bring gas at the Bulgarian shore, just as under the South Stream project.

>>Read: Borissov: I told Merkel Bulgaria plans pipeline similar to Nord Stream 2

Further Reading

Updated: 29-09-2024

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