- Banned
- #1
ASIA TIMES
November 2, 2012
Asia Times Online :: Asian news hub providing the latest news and analysis from Asia
Gazprom closes on South Stream goal
By Margarita Assenova
Russia is moving rapidly to start building the South Stream natural gas pipeline before the end of the year. On October 29, Serbia became the first Gazprom partner to announce its final investment decision on the construction of South Stream. Bulgaria will follow suit on November 9; Hungary and Slovenia are expected to adopt similar decisions by November 15.
The flurry of activities on finalizing South Stream investment agreements with a number of Central and Eastern European countries will permit Gazprom to start construction soon.
After Turkey signed a deal in December 2011 to let Russia run the pipeline through Turkish territorial waters in the Black Sea, the Kremlin seems to be getting closer to achieving two major political goals: bypassing Ukraine in future Russian gas supplies to Europe
and getting ahead of the Nabucco project (or any modification of it) designed to transport Caspian gas via Turkey. ***"
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That's one of the biggest story of the past two or three decades and it will not receive much notice except by Dick Cheney, Bill Clinton, the oil and gas fraternity, and a few cognoscenti, real and imagined.
Anyway,
as that character in Looney Tunes used to cackle:
"That's all, folks."
SHOCKLEY