Related Articles
Forward article link
Share PDF with colleagues

South Stream pushes into troubled waters after shelved talks

Deterioration in relations between the West and Russia could still stymie Gazprom’s major export project, although the partners are moving ahead with development

The future of Gazprom’s South Stream pipeline is in the balance after the EU shelved talks over construction permits following tensions between Russia and the West in Ukraine. However, away from Brussels, the construction of first steel pipes for the line is well under way and a recent deal between Gazprom and Austria’s OMV has widened the divide between EU politicians and member states wanting to secure long-term gas supplies.  The South Stream pipeline, which would carry Russian gas across the Black Sea to southern and central Europe, is strategically important for Gazprom – and, its proponents say, for Europe. The new route would avoid transit through Ukraine, ensuring supplies to th

Also in this section
Venezuela going for broke
16 January 2018
The Maduro government wants a new deal on its debt. Things are going to get messy
Iraqi Kurdistan sinking fast
11 January 2018
The future of the KRI's oil sector is uncertain, with the federal government determined to bring all the country's production and exports back under its wing
Iraqi Kurdistan's wrong turn
11 January 2018
Burdened by political and economic crises at home, the autonomous region faces difficult talks with a newly confident federal government in Baghdad