The South Stream Project (2007-2014) was one of the world's largest energy infrastructure projects. A joint project of 4 largest energy companies from Europe (ENI, EDF, WIntershall and Gazprom), it planned to connect a total of eight European countries contributing to securing Europe's future energy supply. South Stream Pipeline System project was planned to transport natural gas from Russia through the Black Sea to Bulgaria and through Serbia, Hungary and Slovenia further to Austria connecting Russia’s largest gas reserves to the European energy grid. South Stream aimed at providing safe, efficient and affordable energy creating many jobs and increasing economic growth of central European countries.
After having been seven years in the talks and works with five EU member states, the project was suddenly found in non-compliance with European Union's competition and energy legislation, in particular, the Third Energy Package, which stipulates the separation of companies' generation and sale operations from their transmission networks.
The project was cancelled in December 2014 following obstacles from Bulgaria and the EU, the 2014 Crimean crisis, and the imposition of European sanctions on Russia. The project has been replaced by the development of the Turk Stream pipeline. turkstream.info
Company Details
- Employees
- 8
- Founded
- -
- Address
- Amsterdam, Noord Holland 1082lz, Nl
- Industry
- Oil And Gas
- NAICS
-
Oil and Gas Extraction
- Keywords
- energy, inrastructure, engineering impossible, oil&gas, resource efficiency, sustainability.
- HQ
- Amsterdam, Noord Holland
South Stream Questions
South Stream's website is http://www.south-stream-transport.com/
South Stream's LinkedIn profile is https://nl.linkedin.com/company/project-turk-stream
South Stream has
8 employees.
View email and phone details for 8
employees at South Stream.
South Stream's industry is
Oil and Gas
South Stream's top competitors are
South Stream Transport B.v.,
Nord Stream 2 Ag,
Şişecam,
Tüv Austria Sıla Kalite,
Tanap Natural Gas Transmission Company,
Comita D.o.o.,
Krohne,
Gazprom,
Trans Adriatic Pipeline (Tap) Ag,
Nord Stream Ag.
South Stream's categories are Oil and Gas
South Stream's founding year is 2004
