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Explainer: Is South Stream The Latest Victim Of the Ukraine Crisis?

A Eurasianet partner post from RFE/RL

The Ukraine crisis keeps having unintended consequences. The latest is a setback for South Stream, Russia's planned pipeline to bypass Ukraine when exporting gas to Europe. Here are five things to know about the story. 
 
What has happened with South Stream?
 
Work at the European landfall point for Russia's South Stream pipeline beneath the Black Sea has been put on hold by Bulgaria's announcement that it will suspend the process of awarding tenders for the project.
 
Until Bulgarian Prime Minister Plamen Oresharski's surprise announcement on June 8, Moscow had been going ahead unimpeded with South Stream, which is designed to deliver 63 billion cubic meters of Russian gas to Europe.
 
The pipeline, funded by Russia's state gas monopoly Gazprom and costing some $45 billion, is to run from Beregovaya on Russia's Black Sea coast to Burgas in Bulgaria. There it is to connect to additional planned pipelines through the Balkans to deliver the gas both regionally and to Italy and Austria.
 

To read the full story

A Eurasianet partner post from RFE/RL

Explainer: Is South Stream The Latest Victim Of the Ukraine Crisis?

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