Is “Turkish Stream” a Serious Threat to the Trans-Caspian Pipeline?
By Juraj Beskid, Tomáš Baranec (03/04/2015 issue of the CACI Analyst)
In early November 2014, Turkey and Turkmenistan signed a Framework Agreement which, if successful, will allow Turkmenistan to provide gas via Turkey directly to the EU, by-passing Russia. Since then, several bold statements from Vladimir Putin and Gazprom representatives suggesting a replacement of the South Stream project with a “Turkish Stream” or closing all pipelines to Europe via Ukraine indicates the start of a new “energy game.” Turkish Stream will to a considerable extent compete with the Trans-Caspian pipeline. Does the Kremlin possess trumps on this issue or is it merely bluffing?
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