Turkey’s price arbitrage with Gazprom over Turkish Stream
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 and Greece. Being a strategically important transit point for Russian gas going to Europe and bypassing Ukraine, 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...
07.04.2016