Russia’s Decision to Abandon South Stream Pipeline Project Final: Minister

© Sputnik / Ramil Sitdikov / Go to the mediabankSouth Stream construction kicks off
South Stream construction kicks off - Sputnik International
The decision to cancel the South Stream gas pipeline construction is final, Russian energy minister said Thursday.

Europe's opposition to the pipeline project has eventually led to the current crisis and will hit hard certain states, a Hungarian analyst said - Sputnik International
South Stream Closure: Europe’s Tragedy or Russia’s Bargaining Tool?
MOSCOW, December 4 (Sputnik) – Russia's decision to reject the South Stream project is final, Russian Energy Minister Alexander Novak said Thursday.

"The decision that was made was, in my opinion, a final one, and we are studying another route for our pipeline," he said after the president's annual state-of-the-nation address to the Federal Assembly when asked whether Russia may review its decision.

December 1, 2014. Russian President Vladimir Putin takes part in the fifth meeting of the High-Level Russian-Turkish Cooperation Council in Ankara. - Sputnik International
Putin:Russia Cannot Continue South Stream Construction in Current Situation
On December 1, Russian President Vladimir Putin announced that Russia was unable to continue with the South Stream gas pipeline project under the current conditions. The president cited the European Commission's position on the project and Bulgaria's failure to grant permission to proceed with the pipeline's construction as the major reasons behind the decision.

On December 2, the marketing director of Czech gas company Vemex told Sputnik that the consequences of scrapping the South Stream gas project could be disastrous for some European states.

Cancellation of the South Stream gas pipeline project spells a disaster for the Baltic States, as well as Bulgaria, Serbia, Hungary and Austria, the marketing director of Czech gas company said. - Sputnik International
Europe May Face 'Disaster' Due to South Stream Cancellation: Czech Company
The construction of the South Stream was announced in 2012. The pipeline's offshore section was designed to go under the Black Sea, while its onshore stretch was to cross Bulgaria, Serbia, Hungary and Slovenia. South Stream was expected to be fully operational by 2018.

Brussels has repeatedly said that the project violates the European Union's Third Energy Package, according to which it is illegal to own a pipeline and produce the natural gas that flows through it at the same time. Moscow has insisted that the construction of the pipeline does not contradict the regulations.

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