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Gazprom announces final nail in the South Stream coffin

OWoN: This is going to hurt vast millions.

Image: RIA Novosti / Ramil Sitdikov

Gazprom announces final nail in the South Stream coffin

14 January 2015

Europe will have to get gas via Turkey or Ukraine, there will be no direct transcontinental pipeline to Europe, Gazprom has confirmed. It is disappointing news for Bulgaria, which was hoping to get gas directly from Russia, and not via Ukraine.

Gazprom CEO Aleksey Miller made it clear that Turkey, and not Bulgaria, will become the main gas valve between Russia and Europe.

“South Stream is dead. For Europe there will be no other gas transit options to risky Ukraine other than the new ‘Turkish Stream’ pipeline,” Miller said Wednesday, as reported by RIA Novosti.

"Now, the ‘Turkish Stream’ on the agenda," he emphasized.

EU Energy Commissioner Maros Sefcovic was in Moscow Wednesday to discuss EU energy security and the fate of South Stream with Miller and Russian Deputy Prime Minister Arkady Dvorkovich.

Gazprom's decision to create ‘Turkish Stream’ will damage to the company’s image, according to the Energy Commissioner Maros Sefcovic.

Ahead of the meeting, Bulgaria expressed optimism that it would reach a solution with Moscow on South Stream.

In the wake of the South Stream closure, the European Commission is supporting Bulgaria’s proposal to build a gas storage hub. At present Bulgaria only has a big enough gas hub to hold 2 months’ consumption.

“I really hope we’ll be able to find the right solution, especially after the visit to Moscow; the right solution as far as the gas hub is concerned or the continuation of the work on South Stream,” Bulgarian Prime Minister Boyko Borisov said in Brussels on Tuesday, Bloomberg News reports.

Russia stopped deliveries to Europe in 2006 and 2009 over disputes with Ukraine.

Gazprom chairman of the board Alexei Miller, center, and heads of shareholding companies are in Anapa at the launching ceremony of South Stream gas pipeline construction, 7 December 2012 - Image: RIA Novosti / Sergey Guneev

Bulgaria lost more than 6,000 new jobs and over $3 billion of investment with the cancellation of the project. The country also receives 90 percent of its gas imports from Russia, the majority of which crosses through Ukraine, which is seen as an energy risk.

The parties agreed to hold a future trilateral meeting between Russia, EU, and Ukraine in Sofia.

Aleksey Miller said that transit risks in Ukraine are not over, even though Kiev has managed to pay its debt and resume gas flows, after a 6-month hiatus. At present, Ukraine hasn’t stored up enough in its underground storage reserves, according to the Gazprom head.

Russia pulled the plug on the project to Europe in December after standoffs with Brussels over the placement of the pipeline in Bulgaria, the first land section of the pipeline. It would have pumped 63 billion cubic meters of gas to Europe annually.

READ MORE: Putin: Russia forced to withdraw from South Stream project due to EU stance Russia will instead build an alternative pipeline using funds and materials intended for the original South Stream project. Europe will have to buy gas at the Turkish border. It will across the Black Sea to Turkey and be able to pump 63 billion cubic meters a year.



  1. This is how Russians say 'stop meddling others'

    ....And you know what, Russians way WORKS pretty well and this is the only language that NAZI EU and US can understand.

    1. Yes, I call this reverse sanctions...this is going to hurt them more than they can hurt Russia. This is a chess game playing out in real life...and I heard that Putin is a master at chess...

  2. What I am saying - do not give a single dime of free-unearned money to DC and then you will see what kind of song they really understand....and you will see some kind of change...

  3. If we are serious about freedom, then we have to do what it takes to break the back of this DEMONIC MONEY SYSTEM THAT THEY CREATED...(what would a person need with a trillion dollars that one million can buy? This is insanity!)

    Athlete leaves NFL and $37 million contract to become farmer in order to feed the hungry

    St. Louis Rams center Jason Brown has left the NFL to pursue farming:

    “My agent told me, ‘You’re making the biggest mistake of your life,’” Brown told CBS. “And I looked right back at him and I said, ‘No I’m not. No I’m not.’”

    Back in 2009, Brown signed a $37.5 million dollar contract with the Rams, making him the highest paid center in all of football. He earned about $25 million of that contract and decided to leave the final year’s $12.5 million on the table. Instead, he bought 1,000 acres of farmland in North Carolina.

    Brown is doing this to help the less fortunate. He grows sweet potatoes and other vegetables and donates his harvest to food pantries. According to the New & Observer, he has given away 46,000 pounds of sweet potatoes and 10,000 pounds of cucumbers this fall.Keep in mind the fact that Brown left the NFL at 29. He was going to get another pretty large contract to play for a few more years. Instead, in 2012 Brown began watching YouTube videos about farming in order to learn how to farm.He calls his farm the “First Fruits Farm.” And it’s not only fruits and vegetables–

    Read more at:


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