Successful launch of the South Stream pipeline Kremlin’s geopolitical
Putin inaugurates Pharaonic site of South Stream RL, December 7, 2012 Near Anapa on the Black Sea, the Russian president attended yesterday's official launch ceremony of the new site giant Gazprom pipeline South Stream, which will link Russia and Europe. South Stream is the main competitor of Nabucco project supported by Brussels to reduce dependence on Russian gas. Need to build South Stream was raised for the first time in 2005. North Stream pipeline also recently put into operation, the project was a response to numerous gas war with Ukraine, which has a monopoly on transit Russian gas to Europe. Memorandum on the construction of the new pipeline was signed [...]