The South Stream pipeline will connect Russia’s Black Sea coast with the Balkans, Austria and Italy, carrying up to 63 billion cubic meters of gas annually. The pipeline, funded by Gazprom, Italy’s Eni, France’s EdF and Germany’s Wintershall, is due to start operating in 2015.
Investors and industry experts have criticized the project as too costly, but Gazprom has been eager to bypass neighboring Ukraine to ensure safe shipping of its gas. Pricing and payment disputes between Russia and Ukraine have caused major disruptions in the past, cutting off gas for millions of customers in Europe.
Europe currently gets about two-fifths of its gas from Russia.
By Elaine Donnelly
Extending sexual misconduct to combat units
Independent voices from the TWT Communities
First over-the-counter column approved for fast and effective relief from even your worst media-induced headache.
A collection of reader guest articles, thoughts and opinions by Communities writers and breaking news and information.
Great discoveries in the world of restaurants and chefs fulfill the quest for delicious food and cooking.
Paul Rondeau dissects the propaganda, media tricks, and other shenanigans targeting our families, faith, and freedom…and even life itself
Benghazi: The anatomy of a scandal
Vietnam Memorial adds four names
Cinco de Mayo on the Mall
NRA kicks off annual convention