Natural Gas Europe quotes Eurasian Energy Futures Initiative Director David Koranyi on the demise of the South Stream Corridor:
Everybody wins in the demise of South Stream, according to Dávid Korányi, Director, Eurasian Energy Futures Initiative at the Atlantic Council – at least from a strategic perspective.
He remarks, “I think it’s a win for both Russia and Europe, because it became clear that this was not a project that made commercial or political sense from the European perspective; nor it is the best way to stabilize the European-Russian energy relationship.”
Furthermore, he says the situation is good for facilitating a healthier debate around energy sector reform in Ukraine and will help concentrate minds when the 6-month temporary deal expires between Russia and Ukraine to come up with a sensible, permanent and transparent transit regime that also makes commercial-political sense.