Piotr Bein's blog = blog Piotra Beina

03/12/2014

Gazprom to build new 63 bcm Black Sea pipeline to Turkey instead of S. Stream

Filed under: Uncategorized — grypa666 @ 10:39
  • Gazprom to build new 63 bcm Black Sea pipeline to Turkey instead of S. Stream

  • Russia cancels South Stream pipeline

    MOSCOW/BERLIN (Own report) – Moscow’s cancellation of the South Stream pipeline project is causing Berlin and Brussels headaches. EU bodies and government leaders of EU member states have expressed their wish to continue negotiations on the pipeline, which, in a few years, would annually have pumped 63 billion cubic meters of natural gas to Western Europe. They still see some possibilities for clarification. By
    delaying the project, Brussels had hoped to exert pressure on the Russian government. Moscow, however, got tired of banging on closed doors and announced South Stream’s cancellation on Monday. Germany is
    one of the losers, because it would have been able to expand its influence on the European gas supply through its BASF subsidiary Wintershall participating in the pipeline project. Turkey is the winner, because the planned Russian South Stream gas will now probably transit through its territory. Turkey, a loyal transit country, could become an influential gas distribution hub for the EU – at a time when tensions between Berlin/Brussels and Ankara are rising.

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