Last December, Vladimir Putin announced Russia would no longer be pursuing the construction of the so-called “Southern Stream” gas pipeline, meant to connect Gazprom with its southern European customers through the Black Sea, through Bulgaria. Southern Stream’s scuppering was seen as a diplomatic defeat for Putin and a win for the West—the project was unpopular in both Washington and Brussels—but in response Vlad proposed a new pipeline project through Turkey. Now, that “Turkish Stream” project seems all but dead. This week Ankara announced it would be taking Gazprom to court to secure cheaper gas prices. The FT reports:
Turkish state-owned pipeline …read more
Source: The American Interest
