Russia’s Evolving Energy Strategy And EU’s Response To ‘Turkish Stream’ – Analysis
January 27, 2015 JTW Leave a comment
By JTW
By Kerim Has*
Russia’s termination of South Stream and proposal for Turkish Stream has appeared as a result and also a necessity given the emerging geopolitical and geo-economic dynamics in Moscow-West relations. In addition to the difficulties faced by Gazprom (which were caused by the Third Energy Package in the European gas market), the Ukraine crisis and tough Western sanctions have required an update in Moscow’s own energy strategy. Moreover, ongoing work on building an EU Energy Union, which would standardize gas prices within the Union, have hastened Gazprom’s strategy.
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