Russia and Turkey agreed to build a natural-gas pipeline under the Black Sea that could be up and running by the end of 2019, capitalizing on a recent improvement in relations between the two nations.
Approval for Turkish Stream — a dual pipeline project consisting of one link serving the Turkish market and another one possibly to southern Europe — was signed in the presence of presidents Vladimir Putin and Recep Tayyip Erdogan in Istanbul on Monday.
The pipeline aims at pre-empting the EU sponsored Southern gas corridor. But the agreement is not exactly a coup against Europe, says Sijbren de Jong to Bloomberg business.
The full article can be read here.
Experts
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