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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsEU's united front on Russia falling amid gas needs.
VIENNA (AP) A clutch of countries is breaking ranks with the EU's efforts to put economic and diplomatic pressure on Russia over Ukraine and building a pipeline meant to carry huge amounts of Russian gas to their doorstep.
But their defiance of a European Union stop work order is more significant than just another missed chance for Europe to call out the Kremlin. Russian natural gas already accounts for around a third of the EU's needs. The South Stream pipeline could increase Russian supplies to Europe by another 25 percent, potentially boosting Moscow's leverage long after the Ukraine crisis fades.
Adding to the skein of Russian pipelines already ending in Europe, South Stream would go through Bulgaria, Serbia, Hungary, Slovenia, Austria and Italy in one leg and Croatia, Macedonia, Greece and Turkey in a second. The European Commission, the EU executive, has ordered a construction moratorium over concerns with Russia's dual role as pipeline owner and gas supplier. It has also delayed some political talks on the pipeline amid the crisis in Ukraine.
But their defiance of a European Union stop work order is more significant than just another missed chance for Europe to call out the Kremlin. Russian natural gas already accounts for around a third of the EU's needs. The South Stream pipeline could increase Russian supplies to Europe by another 25 percent, potentially boosting Moscow's leverage long after the Ukraine crisis fades.
Adding to the skein of Russian pipelines already ending in Europe, South Stream would go through Bulgaria, Serbia, Hungary, Slovenia, Austria and Italy in one leg and Croatia, Macedonia, Greece and Turkey in a second. The European Commission, the EU executive, has ordered a construction moratorium over concerns with Russia's dual role as pipeline owner and gas supplier. It has also delayed some political talks on the pipeline amid the crisis in Ukraine.
http://news.yahoo.com/eus-united-front-russia-falling-amid-gas-needs-093909049--finance.html
Gazprom's Tsentrgaz subsidiary to build South Stream in Serbia.
Moscow - South Stream d.o.o. has signed a contract with Gazprom subsidiary Tsentrgaz to build the section of the South Stream gas pipeline that will cross Serbia.
http://www.kyivpost.com/content/russia-and-former-soviet-union/gazproms-tsentrgaz-subsidiary-to-build-south-stream-in-serbia-355116.html
malaise
(268,885 posts)Just wait for winter
dipsydoodle
(42,239 posts)unless Ukraine stops or steals the flow and then it would most likely be the southern members - northern Europe is on Nord Stream which is wholly unaffected by issues in Ukraine.
Gazprom: Ukraine hasn't paid June gas supplies, debt mounts to $5.296 billion.
Moscow - Naftogaz Ukrainy has not paid for June gas supplies by the deadline stated by the contract and its debt to Russia's Gazprom has now mounted to $5.296 billion, Gazprom said.
http://www.kyivpost.com/content/ukraine/gazprom-ukraine-hasnt-paid-june-gas-supplies-debt-mounts-to-5296-billion-355115.html