By Darya Korsunskaya
RUSSIA’S Gazprom on Monday cancelled a project to construct the South Stream pipeline to supply gas to southern Europe – an apparent casualty of the dispute between Moscow and the West over Ukraine.
The announcement was made after Russian President Vladimir Putin said during a state visit to Turkey earlier in the day that Moscow could not carry on with the South Stream project if the European Union was opposed to it.
“The project is closed. This is it,” Gazprom chief executive Alexei Miller told reporters in Moscow.
The planned $40bn Gazprom-led pipeline was supposed to cross the Black Sea to …read more
Source: Cyprus Mail
