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ABSTRACT. Russian gas export policy has changed fundamentally. In Asia, Gazprom is now focusing on pipelines to China, rather than LNG exports to a wider range of countries. In Europe, the strategy of delivering gas to end-users has been abandoned. The South Stream pipeline across the Black Sea to Bulgaria was replaced by Turkish Stream. This has resulted in a much more logical Russian gas export strategy but doubts whether Gazprom can simultaneously finance three very large pipeline projects. pp. 30–49
JEL codes: L95; N7; O13; P28

Keywords: South Stream; Turkish; gas; export; Russia

How to cite: Stern, Jonathan, Simon Pirani, and Katja Yafimava (2015), "Does the Cancellation of South Stream Signal a Fundamental Reorientation of Russian Gas Export Policy?," Journal of Self-Governance and Management Economics 3(2): 30–49.

JONATHAN STERN
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SIMON PIRANI
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KATJA YAFIMAVA
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Oxford Institute for Energy Studies, United Kingdom

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