ID :
118602
Sun, 04/25/2010 - 11:41
Auther :
Shortlink :
https://oananews.org//node/118602
The shortlink copeid
Final sum of S Stream to be specified after feasibility study-Miller
VIENNA, April 25 (Itar-Tass) -- Head of Russia's gas utility Gazprom
said on Saturday he was not ready to state the exact sum to be spent to
implement the South Stream project, since the projected sum might be
changed in the wake of the global recession.
Miller, who spoke to journalists after negotiations held by visiting
Russian Prime Minister Vladimir Putin, said the initial figure of 8.6
billion U.S. dollars might be "a bit more or a bit less."
"Actually, the price depends, to a greater extent, on the world market
environment," he said. "Thus, the cost of building materials, equipment
and assembly works changed more than once in 2009. But the main thing is
that this project, in which Gazprom is a shareholder, is absolutely
economically efficient and technically implementable. Apparently, to
participate in such projects via European transit countries is more
profitable than merely to pay a transit tariff to such transit countries,"
he noted.
"On the other hand, we are making considerable investments, taking
considerable investment risks amounting to billions of dollars, but we are
building new gas transportation facilities and this way enhancing
reliability and stability of Russian gas supplies to Europe," he went on.
According to Miller, the final amount of capital investments into sea
and land sections of the South Stream pipeline via transit countries will
be specified only after the project's feasibility study is over.
"We'll end the feasibility study and we'll get final figures. All
works will be over in February 2011. The feasibility studies of national
sections will be ready by the end of 2010. We have completed initial
environment survey of the Turkish section of the Black Sea, and now a
report on this survey is being drafted to be presented to our Turkish
colleagues in the immediate future," he said.
When asked whether Gazprom stops its gas transit via Ukraine after the
new pipelines are put into operation, Miller said "some volumes will still
be supplied via Ukraine."
said on Saturday he was not ready to state the exact sum to be spent to
implement the South Stream project, since the projected sum might be
changed in the wake of the global recession.
Miller, who spoke to journalists after negotiations held by visiting
Russian Prime Minister Vladimir Putin, said the initial figure of 8.6
billion U.S. dollars might be "a bit more or a bit less."
"Actually, the price depends, to a greater extent, on the world market
environment," he said. "Thus, the cost of building materials, equipment
and assembly works changed more than once in 2009. But the main thing is
that this project, in which Gazprom is a shareholder, is absolutely
economically efficient and technically implementable. Apparently, to
participate in such projects via European transit countries is more
profitable than merely to pay a transit tariff to such transit countries,"
he noted.
"On the other hand, we are making considerable investments, taking
considerable investment risks amounting to billions of dollars, but we are
building new gas transportation facilities and this way enhancing
reliability and stability of Russian gas supplies to Europe," he went on.
According to Miller, the final amount of capital investments into sea
and land sections of the South Stream pipeline via transit countries will
be specified only after the project's feasibility study is over.
"We'll end the feasibility study and we'll get final figures. All
works will be over in February 2011. The feasibility studies of national
sections will be ready by the end of 2010. We have completed initial
environment survey of the Turkish section of the Black Sea, and now a
report on this survey is being drafted to be presented to our Turkish
colleagues in the immediate future," he said.
When asked whether Gazprom stops its gas transit via Ukraine after the
new pipelines are put into operation, Miller said "some volumes will still
be supplied via Ukraine."
