... a capacity of 16 billion cubic metres)
[5]
. Turkey has become the second largest European buyer of Russian gas.
EPA/ALEXANDER ASTAFYEV / SPUTNIK /
Vostock Photo
Nigyar Masumova:
The Current State of Trade and Economic
Relations between Russia and Turkey
After Russia backed out of the South Stream gas pipeline project, Turkish Stream became the most promising project for the two nations. The route is planned to link the Russkaya compressor station with the western part of Turkey along the bottom of the Black Sea, and then running further on to the Greek border overland ...
... be able to use Turkish Stream as an instrument in its negotiations with EU for its larger aims. With this development, instead of established bilateral energy relations, now there is a more complex and dynamic energy triangle between the EU, Russia and Turkey.
Turkish Stream might turn out to be a good opportunity for Turkey since the project could act as a catalyst of change for better relations with Russia. From Turkey’s perspective, this project will not transform Turkey into a gas trading hub but ...
... well as for Russian tourists who, it appears, did not take the suggestion of the Chairman of the Council of the Federation Committee on the House Rules and Parliamentary Performance Management, Vadim Tyulpanov,
to vacation in Turkmenistan instead of Turkey and Egypt
seriously.
Turkish Stream Given the Green Light
Despite the obviously destabilized system of international relations and the fact that the situation may change overnight, Russia needs time to study the political and economic risks.
The very idea of constructing ...
... pipeline has the annual capacity of 63 billion cubic units (bcm) of Russian gas and would supply Turkey with a quarter of that figure.[1]
Photo: Gazprom
Considering its lack of energy resources within its own borders, this is an enticing deal for Turkey. Turkish Stream offers an opportunity for the nation to become the regional energy hub of Europe, which it has long sought to achieve.[2] With Russia’s backing, the hub will be established on Turkey’s shared border with Greece, which would ...
... Cooperation Council, one cannot say that they have had a positive influence on resolving regional crises. This fact may serve as a reason for the coalition government to embark on prolonging the process of taking a final decision on the construction of the Turkish Stream.
The main issues which the sides will discuss in the context of implementing the project will be as follows: Turkey’s dependence on Russian gas, price-setting, Ankara’s role in distributing the gas, the state’s position on the quality of the regional energy hub, and also the clear definition of the Turkish side’s responsibility for ensuring ...
... benefit from virtually whichever way the situation develops: it will become one of the biggest transit states, and moreover it is very likely than a number of distribution hubs will be built on its territory. Ankara is not going to obstruct either the Turkish Stream or other projects.
Turkey stands to benefit from virtually whichever way the situation develops: it will become one of the biggest transit states.
The possibility of Iran being included in the Southern Gas Corridor, or the question of building an alternative route in order ...
