| Author (Person) | Maurice, Eric |
|---|---|
| Series Title | EUObserver |
| Series Details | 08.05.15 |
| Publication Date | 08/05/2015 |
| Content Type | News |
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Turkey and Russian energy company Gazprom agreed on 7 May 2015 to start delivering gas to the Turkish market at the end of 2016. At the same time, Russian president Vladimir Putin offered Greece to fund the construction of a pipeline that would extend Turkish Stream to the heart of Europe. The agreement was signed on 19 June 2015, leaving the European Commission 'unimpressed'. It was planned for the pipeline to go under the Black Sea from Russia to the Turkish-Greek border and onward to Austria in order to also supply another 47 bcm to markets in the European Union. Four countries had so far declared their interest in the Turkish Stream project: Serbia, Macedonia, and EU member states Hungary and Greece. Austria was still quiet regarding this topic. Gazprom deputy CEO Alexander Medvedev confirmed in June 2015 that Russia planned to bypass Ukraine for its gas exports to Western Europe from 2019. However, analysts considered this to be a costly move for Gazprom. |
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| Source Link | Link to Main Source https://euobserver.com/energy/128633 |
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| Subject Categories | Energy |
| Countries / Regions | Greece, Russia, Turkey |
