Russian President Vladimir Putin said during an early December meeting in Ankara the long-planned South Stream natural gas pipeline “will not be carried out.” South Stream had an optimum capacity of 2.2 trillion cubic feet per year. It would’ve stretched across the Black Sea to Bulgaria and then north to European markets. “The South Stream pipeline will not be constructed and we will be implementing another project, which will get its name in the nearest future,” Gazprom Deputy Chief Executive Officer Alexander Medvedev said. “Our partners in Turkey proposed the name of the Turkish Stream.” South Stream was Gazprom’s answer to political and economic issues in Ukraine, through which Gazprom sends the bulk of its natural gas to Europe. Gazprom in 2006 and 2009 […]