The EC,Gazprom and South Stream

Brussels has more than enough causes to bury the "South Stream".

The discussion about the prospects of "South Stream" the gas pipeline persist for another year. Both "Gazprom" and Brussels report the victories on this front with varying degrees of success. However, it seems that the Russian gas monopoly managers have not quite a real idea of the EU Commission's approach to this project.

Recently Guenther Oettinger, the Energy Commissioner, published his views on the draft energy southern underbelly of Europe in Germany's largest financial and economic newspaper Handelsblatt. It is no secret that the European Energy Commissioner gives priority to the issue of the energy security, which, in his opinion, was severely shaken after the events in 2009