With the new pipeline agreement signed in the presence of Russian
President Vladimir Putin and Turkish President Recep Tayyip Erdogan, the
entire energy outlook of Eurasia is bound to change.
Instead of the South Stream pipeline, which has now become history in reaction to European attitudes, the new Thrace Stream would carry natural gas to Europe. With the new pipeline, a distribution hub would be set up on the Greek border. With the expansion of the capacity of the Blue Stream and the flow of Azeri oil to Europe via TANAP,
Turkey would become a distribution center of natural gas. Some US newspapers interpreted Putin’s cancellation of the South Stream and turning to Turkey as a defeat for Russia. Putin used to claim that the United States selling its own natural gas was an attempt to obstruct the South Stream pipeline.
Read more: Turkey plans new pipeline to Europe - Al-Monitor: the Pulse of the Middle East
Instead of the South Stream pipeline, which has now become history in reaction to European attitudes, the new Thrace Stream would carry natural gas to Europe. With the new pipeline, a distribution hub would be set up on the Greek border. With the expansion of the capacity of the Blue Stream and the flow of Azeri oil to Europe via TANAP,
Turkey would become a distribution center of natural gas. Some US newspapers interpreted Putin’s cancellation of the South Stream and turning to Turkey as a defeat for Russia. Putin used to claim that the United States selling its own natural gas was an attempt to obstruct the South Stream pipeline.
Read more: Turkey plans new pipeline to Europe - Al-Monitor: the Pulse of the Middle East
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