BUDAPEST—U.S. energy envoy Amos Hochstein urged southeast European states to build new gas links and focus on smaller projects to curb reliance on supplies from Russia, rather than blockbuster pipeline deals. Countries in the region such as Hungary, Serbia and Croatia are looking to boost energy security following the collapse of the Kremlin-backed South Stream gas project that would have carried Russian gas through a pipeline bypassing Ukraine. An alternative floated by Moscow, the region’s dominant supplier, would be Turkish Stream. It would pump gas originally planned for South Stream into Turkey and then possibly north into southeast and central …read more
Source: Egylovers
