Serbian energy regulator AERS gave Gastrans the go-ahead this week to proceed with the project, exempting it from the EU’s Third Energy Package, a 2009 reform that sought to integrate the EU’s energy market and boost competition.
Gastrans is owned by Swiss-based South Stream Serbia, in which Russia’s Gazprom holds a 51% stake and Serbia’s gas monopoly Srbijagas the remainder.
The Energy Community, a body established by the EU to extend the bloc’s energy policy to would-be members, said by doing so, Serbia had missed a chance “to bring the project of this significance and magnitude in compliance with European rules”.
Full Content: Reuters
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