Thursday, July 11, 2013

Russia Winner in Energy Transit Deal With Turkey - Al-Monitor: the Pulse of the Middle East

Russia Winner in Energy Transit Deal With Turkey

By: Olgu Okumuş for Al-Monitor Turkey Pulse Posted on July 10.

When the Shah Deniz Consortium opted for Trans-Adriatic Pipeline (TAP) instead of Nabucco, Russia technically won the battle for Europe’s fourth energy corridor. If Turkey, which granted a permit for Russia’s South Stream gas pipeline project, is not able to partake in some of this Russian success, it is because Ankara did not give permission — in an attempt to achieve its own energy ambitions, despite its intractable political and economic ties with Russia.

More:Russia Winner in Energy Transit Deal With Turkey - Al-Monitor: the Pulse of the Middle East