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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

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