Russia and Turkey agree gas pipeline deal

11 Oct 2016   Russia, Turkey

Russia and Turkey have put tensions over Syria behind them to agree a gas pipeline deal which would open a new route for Russian energy to western Europe.  The TurkStream agreement between Russian president Vladimir Putin and Turkish president Recep Tayyip Erdogan in Istanbul on Monday would, if implemented, redraw the energy map of Europe by allowing Russia to bypass some of its gas around Ukraine.  It would also strengthen ties between Moscow and Ankara at a time of growing mistrust between Turkey and the west in the wake of the coup attempt that plunged the country into turmoil three months ago and killed 270 people.  Monday’s agreement committed the pair to construction of two lines of pipes beneath Turkish waters on the bed of the Black Sea, with a combined capacity of 30bn cubic metres of gas. One would serve the Turkish market and the other the rest of Europe.  TurkStream, to be operated by Gazprom, the Russian state-owned gas monopoly, was proposed by Mr Putin two years ago as a replacement for theabandoned South Stream pipeline which had involved co-operation between Russia and several EU countries.

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