Novinite: Russian Expert: South Stream Will Never Pay Off

The Russian-sponsored gas transit pipeline South Stream is a purely political project, and will never return the invested money, according to an independent Russian expert.

According to Mikhail Krutihin from the Russian consultancy RusEnergy, the construction of South Stream might end up costing up to USD 40 B.

"This will be madness. It would be cheaper to strike a deal with the Ukrainians, or even to pay more for the transit of natural gas in Europe," he said, as quoted by the Russian daily Nezavisimaya Gazeta.  MORE