Tuesday, January 10, 2012

Turkey’s Bold Move Shakes Up EU Energy Security

Turkey’s Bold Move Shakes Up EU Energy Security
Monday, 09 January 2012 09:26 Natural Gas Europe

The news that Turkey has given Gazprom’s South Stream pipeline permission to cross its territorial waters was, Vladimir Putin announced, a “New Year’s gift for Russia”. Just days before, Turkey had also given Azerbaijan’s SOCAR a valuable Christmas present with a deal approving the construction of the new Trans-Anatolian pipeline. These agreements close out a remarkable year for Eurasian gas politics which has seen old pipelines fall and new ones rise.

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