FT: South Stream’s Future 'Looking Increasingly Murky'

Views on BG | August 26, 2014, Tuesday // 10:05
Bulgaria: FT: South Stream’s Future 'Looking Increasingly Murky'

The future of Moscow-backed South Stream gas project “is looking increasingly murky” amidst the East-West tensions over Ukraine, the FT’s energy editor Guy Chazan has opined.

According to the author, the pipeline project designed to carry Russian natural gas to Italy and Austria via Bulgaria bypassing troublesome Ukraine has become “one of the biggest casualties of the east-west stand-off over Ukraine”.

In an article headlined “South Stream gas project may now be a pipe dream” Chazan highlights that the project has become “a symbol of the hardening of attitudes between” Russia and the European Union since the start of the crisis in Ukraine.

Tit-for-tat trade sanctions, visa bans and asset freezes have replaced cautious rapprochement between Moscow and Brussels, creating potential for huge delays and making skeptics wonder whether the USD 15 B project will happen at all, Chazan says.

You can read the whole article here: http://www.ft.com/intl/cms/s/0/6871b0a2-2487-11e4-be8e-00144feabdc0.html#axzz3BTakfhIv

We need your support so Novinite.com can keep delivering news and information about Bulgaria! Thank you!

Views on BG » Be a reporter: Write and send your article
Tags: South stream, EU, Russia, FT, Guy Chazan, Ukraine, gas, pipeline
Expats.bg All Are Welcome! Join Now!
Bulgaria news Novinite.com (Sofia News Agency - www.sofianewsagency.com) is unique with being a real time news provider in English that informs its readers about the latest Bulgarian news. The editorial staff also publishes a daily online newspaper "Sofia Morning News." Novinite.com (Sofia News Agency - www.sofianewsagency.com) and Sofia Morning News publish the latest economic, political and cultural news that take place in Bulgaria. Foreign media analysis on Bulgaria and World News in Brief are also part of the web site and the online newspaper. News Bulgaria