EU Suspends 'South Stream Pipeline' Talks With Russia Eurasia Review:
"Russia and the European Commission were scheduled to sign agreements on building the South Stream gas pipeline toward the end of March. However, the European Union has halted the political talks with Russia due to the crisis in Crimea following already tense relations regarding Ukraine.
The South Stream gas pipeline would transmit Russian gas to Central and Eastern Europe by crossing the bottom of the Black Sea, bypassing politically unstable Ukraine. Upon completion in 2018, it would supply 64 billion cubic meters (bcm) and meet 15 percent of Europe’s annual gas demand.
EU Energy Commissioner Gunther Oettinger mentioned that although political talks had been suspended, the technical negotiations would run on. He also stated that “Europe did not have an urgent need to seek ways of increasing its gas imports” because winter was ending and it had enough stocks."
'via Blog this'
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