Russia today reported that Italy's economic Minister wished to bring Russia's gas through an extension of the Blue Stream pipeline that is going to end in Turkey, to Italy. In the light of the latest crisis with Ukraine and the gas cut-offs that were felt almost everywhere in Europe, this idea provides a solution. Transporting energy through more politically stable countries bypassing Ukraine will low gas delivery risks.
With this statement Italy become the number one advocate for a higher dependency on Russia's energy supplies. This comes about when the European economies are anticipated to start growing by the desired pipe construction deadline and will be able to rely on higher volumes of Russia's gas by 2015-2016. Extension to the Blue Stream pipeline also makes alternative projects Nabucco and TGI more and more unlikely to be pursued.
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