Russia and Turkey have resumed talks on a the Turkish Stream pipeline, despite the current political upheaval in Turkey. Further civil unrest in Turkey poses significant risk to hydrocarbon transit through Turkish territory.
Shelved approximately seven months ago after a Turkish jet shot down a Russian fighter plane, the pipeline has more things to worry about. Originally designed to make the nation a linchpin in Europe’s energy supplies, replacing Ukraine from 2020, the project has also been delayed amid gas-supply pricing disputes. The link’s annual capacity, initially planned at 63 billion cubic meters (2.2 trillion cubic feet), or about a third of Gazprom’s exports to Europe, was later cut by 50 percent.
Bloomberg spoke about the project’s prospects with Sijbren de Jong. The full article can be read here.
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