Putin names South Stream project 'Turkish Stream'

The Russian media named the joint project between Putin and Erdogan as the “Turkish Stream”.

Putin names South Stream project 'Turkish Stream'

World Bulletin/News Desk

During his recent visit to Turkey, Putin explained that the South stream project had halted and that sales across Turkey would happen with the construction of a new belt. The Russian media named the joint project between Putin and Erdogan as the “Turkish Stream”.

After this, the European Union began to invest in the “South stream corridor” project. The first stage of this was the TANAP belt. This belt will take gas from Azerbaijan across Tiflis to the Turkish city of Erzurum. The second stage is the TAP project. Beginning from Erzurum, the project pipeline will extend to the Balkans and Austria. The last stage will take Turkmenistan gas through the belts is forseeable.

According to predictions, the South stream corridor will provide the European Union between 10-20% of its gas supply with Iran and Iraq buying the gas and providing the rest. Russian writer Lyubuov Lyulko said that the biggest barrier would be Turkmenistan, saying that with China's petrol and gas deals for Central Asia meant that the Nabucco project was shelved.

A similar decision will be made for TANAP. Indeed, Middle East expert Stanislav Tarasov confirmed these comments saying that after the Chinese deal the additional sales to Turkmenistan had no basis.

During the administration of Tarasov Askabat new research and new financial resources were researched. Putins visit to Uzbekistan and the Kremlin's improved relations towards Eastern nations, strenthened relations in Eurasia and Tarasov said that it was likely that the Nambucco project would be dissolved.

 

Güncelleme Tarihi: 18 Aralık 2014, 16:00
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