Gazprom’s proposal for German RWE to join Gazprom’s South Stream project, has fallen flat at both the corporate and the political levels in Germany. The proposal clearly aimed to disrupt the European Union-backed Nabucco project, where RWE is a key stakeholder, developing offshore gas in Turkmenistan and a cross-Caspian transport solution. The German-language business press has assessed Gazprom’s move as an unprecedented escalation of effort and “new stage in information warfare aimed at weakening Nabucco”. READ MORE