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22.05.2015

Diversification of sources and routes of natural gas gained political support in Riga

Slovak gas transmission system operator Eustream, welcomes signature of Declaration supporting the need to diversify sources of natural gas supply and transit routes. The document was signed during Eastern Partnership Summit in Riga a few hours ago by the ministers of foreign affairs of Bulgaria, Romania, Hungary and Slovakia and declares the need to ensure stable and uninterrupted natural gas supply to Central and East European region.

Slovak gas transmission system operator Eustream, welcomes signature of Declaration supporting the need to diversify sources of natural gas supply and transit routes. The document was signed a few hours ago by the ministers of foreign affairs of Bulgaria, Romania, Hungary and Slovakia and declares the need to ensure stable and uninterrupted natural gas supply to Central and East European region.

Countries declared their support for the implementation of interconnection and substantial bi-directional capacity of existing infrastructure for natural gas supply on the territory of the Republic of Bulgaria, Romania, Hungary and the Slovak Republic and for joint efforts to seek new sources and routes of diversification.
The cheapest and fastest way to achieve these aims is from Eustream´s point of view is the Eastring project. On behalf of Eustream presents its advantages to the partners since last year Mirek Topolánek, director of foreign development and relations with public institutions: "We propose a solution which will enable in a relatively short time connection of Western gas markets (hubs) with South East Europe and with new sources of gas. Balkan countries will thus receive alternative gas supplies, whereas Central and Western Europe will get access to the resources of Caspian region, as well as the Black or Mediterranean Sea area, or potential gas hub in Turkey. "
The importance of the Declaration, signed by ministers of the four countries underlines also the chairman of the board of directors of Eustream Tomáš Mareček: "Big international projects cannot progress without political support. The clear political support can bring much closer to reality the projects which otherwise look extremely demanding. It is in the interest of everybody that politicians cooperate with companies for the benefit of the people to ensure the energy security of the entire region. In Riga we have seen such cooperation."
Diversification of routes and sources gained not only the support of states, but is also priority of the European Commission, which plans to establish the Energy Union.

European Network of Transmission System Operators for Gas (ENTSOG) has included last week (on May, 13th) the Eastring project in its ten-year network development plan. The official inclusion of Eastring to the list of European projects by this most important European body in the field of gas transmission is another extremely important step on the way of implementation of the project.
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