Subsequent to Moscow’s abrupt cancellation of the South Stream pipeline, there has been a mad scramble on the part of the EU. And the miracle solution they have hit upon is called the Southern Gas Corridor. The hype currently being devoted to it suggests it is a clever new idea by Brussels which has snatched victory from the jaws of defeat.
I wouldn’t want anyone to go on thinking that.
The Southern Gas Corridor Project has actually been ongoing since 2003, in that lackadaisical way European projects have of consuming money without really yielding any tangible results – let’s recall, we live in an age when consultancy is a growth industry.
Different pipeline projects started off competing for what Brussels euphemistically terms its initiative to diversify its energy supplies: one of them was Nabucco, which until recently was as dead as Thomas Jefferson, although now would be a perfect opportunity for the dithering Europeans to revive it so they could talk about it for another 11 years without building anything.
This post was published at Russia Insider
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