Russia Beyond the Headlines: Is Gazprom Cutting the Turkish Stream in Half?

Gazprom, the Russian gas monopolist, is halving the transit capacity of the Turkish Stream pipeline, which extends from Russia to Turkey and then to southern Europe, cutting to 32 billion cubic meters the volume of gas it can carry. Business daily Kommersant says the company has frozen its investments in the South Corridor project, which was supposed to take gas to the future pipeline. Market observers say that the Turkish Stream may turn into a local Russian-Turkish project, and that Gazprom will instead expand its North Stream pipeline in the Baltic Sea.

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