EU Observer: Can Russia's new Turkish gas project work?

How likely is it that Turkish Stream will succeed as a replacement of the Ukrainian gas route?

Drawing a virtual pipeline, from its planned entry point on the Turkish coast of the Black Sea, one can imagine it going through Greece, Macedonia, Serbia, and Hungary, and then onwards to Austria.

Politically, that would make sense.

Recent elections in Greece brought to power a Moscow-friendly government. Alexis Tsipras, in a highly symbolic move, met the Russian ambassador on his first day as prime minister of Greece.

Non-EU members Macedonia and Serbia are also Russian-friendly.

But economically?  

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