Baltics
Ukraine crisis threatens Russian pipeline plans
In response to the Crimea crisis, EU Energy Commissioner Guenther Oettinger announced he is to delay talks with Russia on the South Stream gas pipeline that would export Russian gas via the Black Sea. The South Stream line strategically bypasses Ukraine, which currently hosts the main arteries for export of Russian gas. (Reuters, March 10) The European Commission has already postponed discussion of the OPAL pipeline, part of the Nord Stream project, which similarly bypasses Ukraine via the Baltic Sea. (Voice of Russia, March 11) Russia's giant Gazprom, which uses the existing Nord Stream line to send gas to Germany, plans to start shipments to Europe through the South Stream line at the end of 2015. Russia is seeking to boost gas exports to Europe as much as 23% over the next 20 years. (Bloomberg, March 12)












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