The South Stream pipeline will cover a new route, starting from Crimea and traversing Greece and Italy. The news comes from the Russian media according to which the energy major has presented a new alternative to try to give new life to the project.
Abandoned in December 2014, the South Stream was supposed to start from Anapa, with a total estimated length of underwater pipe of 781 km, transporting 63 billion cubic meters (bcm) of gas annually to Europa through Bulgaria and Serbia (entering Europe through the Black Sea port in Varna). The Sofia authorities however, blocked the construction permits just a few days before the scheduled construction start, in an clear act of retaliation for Ruissia’s annexation of Crimea.
According to what was reported by the Russian media, new routes are now being researched for the Sotuh Stream and the North Stream II, which could benefit from private funding, at least according to the statement by Andrej Konopljanik, Gazprom Export consultant and published by "Vesti Finance".
The new pipeline would therefore start in Crimea, annexed by Russia unilaterally in 2014, allowing for savings in construction costs. The route will not traverse Hungary and Serbia but instead Greece and Italy. “Russia has a right to evaluate gas routes which subject to smaller risk for the contracts," said Konopljanik during the central European gas Forum in Bratislava