South Stream alternative could get EU backing

South StreamSouth Stream pipeline alternative: The Energy ministries of Greece Romania and Bulgaria have issued a joint statement saying that they would be in favour of building their own gas pipeline to replace the South Stream project that Russia put on hold last week. The European Commissioner for Energy Union Maros Shevkovich has approved the initiative , and said that the European Commission is ready to consider the possibility of supporting it financially. The EU is already involved in the development of the Southern Gas Corridor which will deliver gas from the Caspian Sea and the Middle East to Europe. Rosbalt