Russia Pushing Hard For South Stream Pipeline Project

摘要

Against the European Union's Southern Corridor project, Russia is redoubling efforts to advertise its own project. South Stream, with Italian backing. Due to stagnant gas production and aging fields in operation, Russia has been unable to identify any internal gas reserves to supply the proposed South Stream system. Unlike the Nord Stream pipeline project on the Baltic seabed, which has at least some Russian gas resources allocated to it at least in the planning.