5 May 2024
Turkish Stream – Gazprom takes the road less travelled
Publication date: 06 May 2015
Gas Strategies Group
10 Saint Bride Street
London UK
EC4A 4AD
ISSN: 0964-8496
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The demise of the visual_editor,446 km South Stream project in December represented the culmination of strained Russia-EU relations – both over the Ukraine crisis and Gazprom's resistance to EU third-party access rules. Undiminished in its desire to displace gas flows through Ukraine by visual_editor0visual_editor0, Moscow has now turned to Turkish Stream – a proposed 63 Bcm/year pipeline via the Black Sea and Turkey to the Greek border. But the scrapping of one pipeline for another was a bitter anticlimax for transit countries hoping to reap the economic benefits of South Stream. Several are now pinning their hopes to other regional projects to expand their supply sources. Meanwhile, progress continues on the Southern Gas Corridor, which from visual_editor0visual_editor0 will supply additional gas to Europe. Amid a scenario of intense competition for European gas demand, Gas Strategies asks: what are Turkish Stream’s options?