Deutsche Welle: The Meaning and Nonsense of Turkish Stream

Deutsche Welle economic analyst Andrii Hurkov analyzed the significance of Turkish Stream gas pipeline launching for Russia and Turkey.

Turkish Stream is a project of an export gas pipeline from Russia to Turkey through the Black Sea and further to the Turkish border with neighboring countries. The first line of the pipeline is intended for the Turkish market, the second – for gas supply to the countries of Southern and Southeast Europe. The capacity of each line is 15.75 billion cubic meters of gas per year.

According to Hurkov, Turkey was the winner, since only one of the two lines of the pipeline, which will provide Turkish consumers with Russian gas, was fully operational.

The second line, which is intended for the European market, cannot work yet, there is still no continuation comparable in terms of capacity in the EU.

For Russia, this game has so far been unsuccessful. It hoped to launch Turkish Stream and Nord Stream 2 by the end of 2019, as a 10-year gas transit agreement was ending between Ukraine and the Russian Federation. But it didn’t work out.

For Nord Stream 2, Denmark initially delayed issuing construction permits in its territorial waters, then America imposed sanctions on companies participating in the construction of the gas pipeline.

And of the two lines of Turkish Stream, only one was fully launched.

On December 31, 2019, Ukraine and Russia signed an agreement on the transit of Russian gas for five years.

Tags: Gazprom, gas, Naftogaz, contracts, Nord Stream 2, EU, energy market, Turkish Stream, drilling, RF, Putin, the US Senate

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