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Romania is open to investing in the Gazprom pipeline South Stream, not just the EU Nabucco project, designed to reduce energy dependency on Russia, Romanian minister of economy Varujan Vosganian said on Thursday, contrary to the president's statements.

A Gazprom delegation is expected in Bucharest next week, just a month ahead of general elections.

Russian gas is currently imported and at a price of €418 per thousand cubic meters, is almost double the price a year ago

"Romania is ready to support any EU project, both Nabucco and South Stream," the liberal minister, whose party is at odds with the country's conservative President Traian Basescu, said, newswires report.

Only a day before, Mr Basescu renewed his calls on the European Commission and EU member states to "accelerate Nabucco," in order to decrease the EU's energy dependency on Russia.

The divergent remarks come a few days after Romanian gas officials went to Moscow, with Russian newspaper Kommersant claiming Gazprom is considering re-routing South Stream through Romania

by afew (afew(a in a circle)eurotrib_dot_com) on Fri Oct 24th, 2008 at 03:21:23 PM EST
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