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South Stream

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Russia and Turkey’s Gas Deal Can Save Europe and the World?

The status of South Stream and the newly announced Russia-Turkey gas deal is much more than it seems.  It is primarily about putting the brakes on what has slowly been developing into the next world war.

EDITOR'S CHOICE | 13.12.2014


 

South Stream 2.0: The Energy Wars Continue (I)

In the next few years, Russia’s decision to put a stop to the South Stream project will become a deciding factor in how the energy situation develops not just in Europe, but in the whole of the Eurasian continent... European players in the gas market are looking for ways to expand their energy cooperation with Russia, despite attempts by the European Commission to sabotage their aspirations. The Slovak gas transmission system operator Eustream is planning to build a pipeline from Slovakia to the Bulgarian-Turkish border, so is hurrying to join a new plan for the transportation of Russian gas to Europe through Turkey. It is the first specific consequence of revised plans to build the South Stream pipeline...

Pyotr ISKENDEROV | 13.12.2014


 

South Stream to Change Direction. Russia Cannot be Squeezed Out of Energy Market

During his trip to Turkey Russian President Vladimir Putin announced the decision to give up the South Stream pipeline project in favor of a new route redirected to Turkey. An important event preceded the statement. Israel proposed that EU countries invest in a multi-billion euro pipeline to carry its natural gas to the continent. At the international conference «Building Euro-Mediterranean Energy Bridge» that ended in Rome in mid-November Israel's Minister for Energy Silvan Shalom described a project for transportation to Europe of gas produced in the Eastern Mediterranean to Vice-President of the European Commission and Commissioner for Energy Union Maros Sefcovic. Shalom ensured Sefcovic that the gas resources in the huge offshore deposits Tamar and Leviathan (240 and 480 billion m3, respectively) may be directed to Europe through Cyprus and Italy at a «special price». He openly stated that the project may lessen the EU’s dependence on Russian gas supplies...

Dmitry MININ | 08.12.2014


 

Russia Scraps South Stream: Who the Message is Sent to?

The Russia’s decision to abandon the South Stream project has become one of the major events in 2014. This is a message to the leadership of the European Union... The EU has failed to come up with an alternative project of its own to provide Europe with gas supplies from the Caspian Sea and Central Asia. Nabucco was doomed from the start while the estimated capacity of TAP (Greece-Albania-Italy) is only 10 billion cubic meters a year – six and a half times less in comparison to the South Stream. The population of Europe has become a hostage of this policy...

Pyotr ISKENDEROV | 05.12.2014


 

Brussels Sabotages EU Energy with South Stream Politicking

The European Union’s ruling elite just hammered another nail into its creaky coffin this week with the critical loss of the South Stream gas project. Russian President Vladimir Putin may have been the one to formally pull the plug on the project while on an official visit to Turkey, but most observers can see that it is EU politicking that lay behind the collapse. Putin said that continual obstruction to the South Stream project from Brussels had made it unviable... Gerhard Roiss, the chief executive of Austria’s top oil and gas firm OMV... told Austrian media: «It is a regretful development for Europe since it needs Russian gas, it cannot do without Russian gas. But pipeline facilities are needed to ensure secure energy supplies». The OMV boss added: «The problem today is that possibilities of supplying southeastern Europe with gas are reduced and dependence on one supplier and one route via Ukraine is high»... The energy security of millions of Europeans, involving higher market prices, is also being jeopardised by the failure to complete a strategically important addition of gas infrastructure for the continent.

Finian CUNNINGHAM | 04.12.2014


 

If Europe Does Not Want to Carry Out South Stream…

...Now let’s sum it up and see who lost and who gained as a result of Moscow’s decision to change the gas transit routes. No doubt the agreements reached meet the interests of Russia and Turkey. Now the Russian gas will not flow to the European Union across the territories of Bulgaria, Serbia, Hungary and Austria. Instead it will be transported through Turkey. Simultaneously all alternative pipeline projects are blocked. Russia squeezed out all competitors from the South European market and did it in a much more effective way than building the South Stream pipeline. Turkey is able to ensure its energy security. The two parties also agreed to build large underground gas storage facilities in Turkey near the Greek border to protect the country against interruptions in gas supplies. As a result, Turkey will turn into a world gas hub for many years to come. It will strengthen the Turkey’s clout in the Eastern Mediterranean and the Balkans...

Dushan PROROKOVIC | 02.12.2014


 

Viktor Orban Threatened by Maidan-Style Protest Movement

...The Hungarian prime minister’s independence, including with regard to Russia, has long irritated both Brussels and Washington. Viktor Orban’s statements regarding his intention of finding allies in Europe capable of opposing the introduction of new sanctions against Russia together have not gone unnoticed. Western capitals have been particularly outraged by the fact that on 4 November 2014, the Hungarian parliament passed a law allowing the construction of the South Stream pipeline to take place in Hungary, despite the position of the European Commission...

Vladislav GULEVICH | 12.11.2014


 

New Сracks in the anti-Russian Front

The anti-Russian colours that the policies of the European Commission and the US administration are painted in regarding the introduction of economic sanctions against Russia are slowly losing their lustre and beginning to peel off. Within the European Union there are pockets of internal resistance to the anti-Russian policy that are particularly noticeable against the feverish attempts by Brussels to force Serbia and other countries, where the mirage of joining the EU still seems to be a bit like reaching the Promised Land, to join in with the sanctions... 

Pyotr ISKENDEROV | 17.10.2014


 

Bulgaria: Obstacle on Way of South Stream

The people of Bulgaria face trials and tribulations. The country has been struggling against a political crisis since February 2013. And it seems to be everlasting; there is no light at the end of tunnel. The European Commission is trying to make Moscow renew gas deliveries to Ukraine in an attempt to find a «mutually acceptable temporary solution for the coming winter». At the same time the Commission blocks the construction of an alternative route to Europe going across the Bulgarian territory. The project is called South Stream. The idea has the support of leading European companies and the countries involved. Bulgaria has been chosen by the supranational structures in Brussels as an instrument of this, rather strange, policy of obstruction...

Georgy KOLAROV | 03.10.2014


 

Ukraine-Imposed Sanctions to Hurt Europe

The Ukraine's parliament has passed legislation that would allow the government to impose sanctions on Russia. It provides for sanctions against 172 individuals and 65 entities in Russia and other countries for supporting and financing «terrorism» in Ukraine. President Poroshenko has not signed it into law as yet, but the transit of Russian gas to Europe through the territory of Ukraine is in jeopardy... It may make the European Union want to get rid of unmanageable transiter and finally approve the construction South Stream going around the Ukraine’s territory. The situation puts into doubt the expediency of the EU Third Energy Package which actually bans Russia from using the existing pipelines while other suppliers have reduced capacity for filling the pipes...

Pyotr ISKENDEROV | 24.08.2014




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OUR COLUMNIST
    Paul Craig ROBERTS

Financial Market Manipulation Is The New Trend: Can It Continue?

Governments and economists take their hats off to free markets.  Yet, the markets are rigged, not free. ... No country dependent on foreign capital is sovereign.  A country dependent on foreign capital, especially from enemies seeking to subvert the economy, is subject to destabilizing currency and economic swings.  Russia should self-finance. ...The greatest harm that is being done to the Russian economy is not due to sanctions and the US attack on the ruble.  The greatest harm is being done by Russia’s neoliberal economists. Neoliberal economics is not merely incorrect.  It is an ideology that fosters US economic imperialism. ... If Russia is to survive, Putin must protect Russia from Western economic institutions and Western trained economists. 

18.12.2014
 
 
 
 
 
 
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