... affairs, but outright denial of political aspects and pure support for economic caveats is absurd. As we all know, Nabucco or Nord Stream are political projects to an extent, but they are also economic as else they just cannot be build at a huge loss. ... ... promised topics. This short intermission has missed some interesting events; one colleague of mine has just returned from where South Stream is being build and it looks in full-swing, in contrast Nabucco appears to be now a distant dream of a EU policymaker,...
... pipeline that seek to circumvent Russia are built on financial fantasy and betoken of a short-termism that is strategically reckless. Continued austerity for the next decade and perhaps longer will probably end any remaining hopes for both Nabucco and South Stream.
But the energy battle between the EU and Russia over Nabucco and South Stream is a proxy conflict in a wider war of rival visions – a growing strategic divergence that risks dividing the greater Europe permanently. Just as the EU ...
... Gazprom has reduced prices by pursuing its own strategy of spreading costs by building more pipelines and supplying more gas; South Stream pipeline introduction resulted in lower prices for European consumers.
That said, Europe still does not agree, ... ... price disparity must be addressed with an informative business model. Sochi pipelines are 10 times smaller in diameter than Nord Stream’s, but cost more. Such lack of economies of scale is common as well as the price disparity due to Gazprom buying ...
