• Natural Gas News

    Moscow Times: Russia's New Turkish Stream Gas Strategy More Bark Than Bite

    old

Summary

Sergei Pikin, director of the Energy Development Fund says that Gazprom's negotiating position on the Turkish Stream pipeline is weak.

by:

Posted in:

Press Notes

Moscow Times: Russia's New Turkish Stream Gas Strategy More Bark Than Bite

Although officials in Moscow have trumpeted the cancellation of the South Stream natural gas pipeline as a major blow to Europe, energy analysts say that Russia's alternatives are tenuous at best.

After years of work on a gas pipeline meant to cross southeastern Europe and bring fuel to the heart of the EU, sidestepping troubled Ukraine, Gazprom last week confirmed a change in strategy was under way.

Instead of stretching a pipeline across Europe and dealing with prohibitive EU legislation that requires infrastructure be open to third parties, Gazprom said it will transport the gas to a hub in Turkey, from which the EU can take it or leave it.  

MORE