Vladimir Socor :South Stream Proj, A “Bluff” With No Chances To Succeed

Gas pipeline project South Stream, promoted by Gazprom, is a "bluff" with no chances to succeed, as it lacks funds and gas resources, unlike Nabucco project, which has better perspectives, Vladimir Socor, analyst of US Foundation Jamestown, said Wednesday at the Europe-Russia economic forum. Socor added that South Stream costs, estimated at 19-24 billion USD, are also "absurd", mentioning a statement of Russian President Dimitri Medvedev in this respect.In the analyst’s opinion, Russia is ...

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