As Zero Hedge reports, Putin said Moscow will stop pursuing Gazprom’s South Stream pipeline project that would supply natural gas to Europe with an underwater link to Bulgaria, blaming the European Union for scuttling the project.
Putin is right: Europe - Austria excluded - had seen rising resistance to the South Stream in recent months as the crisis in Ukraine has intensified. The EU is concerned that the project would cement Russia’s position as Europe’s dominant supplier of natural gas. Russia already meets around 30% of Europe’s annual needs.
Russia signs a strategic alliance with NATO member Turkey, the only country in Europe that is anything but European (over the endless veto of Germany preventing its entrance into the EU over fears of cheap, migrant labor) and which lately has been increasingly anti-Western, to build a new mega-pipeline to Turkey instead. As RT reports, Gazprom CEO Aleksey Miller said the energy giant will build a massive gas pipeline that will travel from Russia, transit through Turkey, and stop at the Greek border,- giving Russia access to the Southern European market.