Could the "cancelled" South Stream pipeline be revived?

"South Stream is postponed and diverted, but is not necessarily dead," Rem Korteweg, a senior research fellow at the Centre for European Reform (CER), told beyondbrics. "The original pipeline route, across the Black Sea, coming ashore in Bulgaria, will not be built. But an alternative route – via Turkey – may still emerge to reach the European market."

"President Putin has mentioned the possibility of a Turkish gas hub," Korteweg added. "This could mean that other sections of South Stream might still be built in the future and link with the diverted pipeline through Turkey. Do not think that Russia and Gazprom have given up on their attempts to control gas flows to South Eastern Europe. Instead, the plan is changing."