European natural gas pipelines plagued by uncertainties

New York Times: Could the plan to build the world’s most expensive natural gas pipeline turn out to be an elaborate bluff? South Stream, backed by Gazprom, the monopoly exporter of Russia’s natural gas, would run underneath the Black Sea and deliver large amounts of fuel to the European Union, sometime in the second half of this decade. Despite years of promotion, the cost and even the exact route for South Stream are still unclear. Nevertheless, the plan already has served a valuable purpose for Russia by......

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