Gazprom could spend half a billion dollars on Turkey

8 Nov 2016   Russia, Turkey

Russian natural gas company Gazprom could spend more than a half billion dollars on its latest pipeline efforts in Turkey, media reported Monday Russian news agency Tass reports Gazprom aims to spend more than $595 million in Turkey this year. Gazprom is looking at Turkey as an alternative to Ukraine, through which most of the Russian gas pipelines run. Geopolitical issues associated with Ukraine make legacy routes risky and Turkey’s geographic position makes it desirable as a bridge to transport energy resources from Central Asian suppliers to the European market. Russian President Vladimir Putin met with his Turkish counterpart during a special session of the 23rd World Energy Congress last month . Alongside geopolitical issues related to the civil war in Syria, where both […]

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