Multi-million gas project could be put off
Since a long-term transportation contract hasn't been signed by the builders of Nord Stream, the project may be put off.
Some analysts say this could spark off a new dispute between the EU and Russia.
“The world battle is not over the resource base nor the consumers but for transportation and export routes facilities. In these terms, Russia is in a bit more comfortable position than EU as Russia has flexibility because of its size and its ability to choose the export routes,” believes Maksim Shein, Head of Equity Research at Brokercreditservice in Moscow.