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New York Times: European natural gas pipelines plagued by uncertainties

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June 15, 2011, 10:45 a.m. |

South Stream, backed by Gazprom, the monopoly exporter of Russia’s natural gas, would run underneath the Black Sea and deliver large amounts of fuel to the European Union, sometime in the second half of this decade.

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BRUSSELS — Could the plan to build the world’s most expensive natural gas pipeline turn out to be an elaborate bluff? South Stream, backed by Gazprom, the monopoly exporter of Russia’s natural gas, would run underneath the Black Sea and deliver large amounts of fuel to the European Union, sometime in the second half of this decade. Read the story here.
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