Popular News From Popular Sites: Russia's South Stream pipeline falls victim to Ukraine crisis, energy rout

Monday, December 1, 2014

Russia's South Stream pipeline falls victim to Ukraine crisis, energy rout

Russia's President Putin is pictured during a joint news conference with his Turkish counterpart Erdogan in Ankara By Henning Gloystein and Dmitry Zhdannikov SINGAPORE/LONDON (Reuters) - Russia's $40 billion (£25.4 billion) South Stream gas pipeline project has fallen victim to plunging energy prices, stalling European demand and the political standoff between the European Union and Moscow over the crisis in Ukraine. Russia on Monday said it had scrapped the project to supply gas to Europe without crossing Ukraine, citing EU objections, and named Turkey as its preferred partner. ...




Read More http://ift.tt/1whb6mH

No comments:

Post a Comment