: :inin Kyiv (EET)

Cancellation of South Stream Pipeline Gives EU an Economic Headache


The European Union’s diplomatic victory in forcing the Kremlin to cancel its South Stream pipeline also gives Brussels a headache: how to come up with an alternative source of secure gas supply for south-eastern Europe.
Though it became politically toxic after the crisis in Ukraine, the pipeline made sense for countries such as Serbia, Bulgaria and Hungary because it offered a supply of gas that did not pass through Ukraine and so was at less risk of disruption.
Other ideas have been floated that would give south-eastern Europe those secure alternative supplies, but none are as far advanced as South Stream, leaving …read more

Source: Newsweek

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