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Putin Discusses Energy Cooperation with Serbian & Hungarian Leaders

Source: Reuters 12/7/2014, Location: Asia

Russian President Vladimir Putin discussed energy cooperation with the leaders of Serbia and Hungary, the Kremlin said in a statement, days after Moscow decided to scrap the South Stream pipeline project. The decision to drop the seaborne gas route, that was supposed to go through Hungary and Serbia, was announced during Putin's visit to Turkey last week.

Putin had said Russia was instead planning to build a pipeline to Turkey and could set up a gas hub on the Turkish-Greek border to supply Europe with gas to compensate for the loss of South Stream.

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