Amid an inimical international situation, an economy that was bound to recover, but does so rather unconvincingly and a tense domestic atmosphere, Russia continues the construction of new gas pipelines that would boost its export conduit flexibility and largely eliminate the Ukrainian transit issue. Already 200 km of Nord Stream 2 pipes were laid within the past two months, largely in German territorial waters and even if Denmark carries on its delay tactics, the project seems to be on track to be commissioned by end of 2019. The future of TurkStream, although its construction started significantly sooner – its offshore part was completed this November – was so far shrouded in mystery due to the difficulty of routing its second line. The completion of TurkStream’s offshore part is definitely good news for Presidents Putin and Erdogan – the first secures 15.75 BCm per year worth of gas sales in […]