... but they need an alternative supply route, since Russian gas still comes to them via Ukraine.
The main obstacle to rapid construction of the Turkish Stream, however, is the expense of the project, especially given the difficult market conditions in Russia. The cost of the total complex of works to construct South Stream
has been approaching 40 billion dollars
.
Gazprom has decided to hand over most of the construction of the gas transport system in Europe to national governments in order to comply with the EU’s Third Energy Package, and to reduce its own expenditure on the project to a defined limit. A number of states, however, were
offered extremely favourable state ...
... caught in an unstable position, torn between the U.S.A.'s pressure on one side, and the economic interdependency with the Russian Federation on the other. This article examines the current state of the issue from a diplomatic standpoint, and the implications ... ... without the “independent decisions” of the EU authorities, just to re-quote Ms. Mogherini's intervention.
Gas at All Costs
Another crucial aspect, which the EU is failing to address, concerns its energy policy, considering that no ...
... more to lose than to gain in that scenario, gas might actually reveal itself as being the common ground to build agreements to solve other current issues, hopefully leading to an easing of tensions. Indeed, this appears to be one of the fronts where Russia is currently at work, especially with its pushing for the advancement of the South Stream project, an effort that could relieve Europe from the worries of a gas crisis. A signal in this direction was given on September 16th, when the head of Gazprom’s international projects department, Alexander Siromyatin, announced that works for the construction of the Serbian section of South Stream were to start ...
... concerns capitalism, religion, ethics, civil economy, European Union and wider Europe like Russia, Ukraine and Turkey. He is an Associate Editor of the journal TELOS and Fellow... ... creating an anti-Russian stance. Has this occurred due to European attempts to lower gas import prices, or more serious underlining issues? Europe’s potential alternative... ... 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...
... what must be done to stop any changes, how to adapt to them if they occur and what if sceptics are right?
«Oil and Gas Dialogue: Russian Gas in the European Market» Joint International Forum held at IMEMO RAN conference hall on 7th December 2012; moderated ... ... 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, ...
