Russia’s decision to cancel a gas pipeline to Bulgaria in preference to Turkey is being heralded as an important victory for Ankara in its ambitions to become a regional energy hub. But there are growing doubts over how advantageous the pipeline will be for Turkey.
The memorandum of understanding signed by Russian President Vladimir Putin and his Turkish counterpart to build a natural gas pipeline to Turkey could be a major step towards achieving a strategic goal for Ankara, according to Sinan Ulgen of the Carnegie Institute in Brussels.
“Potentially very significant; if it comes into being it will give a huge …read more
Source: Voice of America
