... of this system, Nord Stream, is already up and running, albeit with certain restrictions imposed by the European Commission. Gazprom had envisioned the Nord and South streams as becoming a stable infrastructural system in the strategic partnership between Russia (the main supplier) and ... ... part. The main stumbling block is that the project did not – and does not – conform to the standards of the Third Energy Package ratified by the European Commission’s Agency for the Cooperation of Energy Regulators with regard to European ...
... official commitment to economic modernisation, on the one hand, and authoritarian consolidation, on the other hand.
Energy Calamity
It is argued by some that the Russo-European relationship has soured creating an anti-Russian stance. Has ... ... 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 ...
... model has altered with population becoming less concentrated requiring an additional infrastructure, thus expenditure. In fact, 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, ... ... will be at least in the foreseeable future. A recent contract among Russia and Germany which will bear 6% of the latter’s energy needs, shows evolution of the former’s business approach and the fact that both sides can mutually benefit; the contract ...
