Turkish Stream was conceived in 2014 following Russia’s cancellation of South Stream which became a casualty of Russia-Ukrainian ... ... anti-monopoly laws. The original plan for landfall in the EU (Bulgaria) will now occur in Turkey, while the distribution hub for Europe will be located at the border of Turkey... ... Turkey tries to increase its bargaining power and engages into price arbitrage with Gazprom: 10.25% discount offered by Gazprom is deemed insufficient and Turkey does not...
... President Recep Tayyip Erdoğan in Ankara, at the height of the confrontation with the West over the crisis in Ukraine. The European Union stands to lose the most from the move. By itself, however, redirecting the pipeline through Turkey rather than Bulgaria does not strengthen Russia’s position on the European gas market from a strategic point of view. Rather, abandoning the South Stream project ... ... of this system, Nord Stream, is already up and running, albeit with certain restrictions imposed by the European Commission. Gazprom had envisioned the Nord and South streams as becoming a stable infrastructural system in the strategic partnership between ...
