Turkish Hürriyet and russian RT.com online journals report that Turkey and Russia signed the strategic Turkish Stream gas pipeline agreement late on Oct. 10 amid vows by both countries to deepen their relations as after the downing of a Russian jet by the Turkish Air Force in November 2015, Russia suspended the project. It was revived only after Turkey publicly apologized for the incident this August.
This projects will put billions of dollars in investment in Turkey, Russia and beyond , it will create thousands of new jobs in difficult times for Turkey and beyond including good paying one’s in many countries – Russia, Turkey and many European countries as well.
The pipeline will carry Russian natural gas to Turkey and on to Europe under the Black Sea.For United States, according to NYTimes,the russian President Mr Putin took advantage of a routine meeting in Istanbul to advance the Kremlin’s reconciliation with Turkey, including an agreement to revive a suspended natural-gas pipeline project.
As Hürriyet reports, Erdogan also said they reached consensus on the acceleration of the process for the Akkuyu nuclear plant. In addition, Putin also added that the two countries also reached consensus on discount in natural gas prices. He stated that Moscow lifted restrictions on citrus exports.
"The Turkish Stream gas pipeline will be built and Turkish fruits will find their way on the Russian stalls again. ". This is the balance sheet of the recent negotiations as these has been summarized by the online newspaper Gazeta.ru.
The project involves the construction of two pipeline branches, one of which is designed for the needs of Turkey, the second for Europe.The pipeline would allow Russian natural gas to be delivered directly to Turkey via the Russian Black Sea coast and on to Greece.
The new pipeline, known as the Turkish Stream, would run under the Black Sea to Turkey and then the Greek border, allowing Russian gas to reach Western markets without using Russia’s existing export pipelines through Eastern Europe.
The original plan for the construction of the gas pipeline which passes outside of the territory of Ukraine was announced back in 2014, however it changed several times due to strong opposition from Washington. The signing of the agreement and, accordingly, the construction was postponed several times: first, because of the freezing of Russian-Turkish relations, a new project “South Stream” through Bulgaria and Serbia, then the United States pushed on Bulgaria and blocked it.
Turkish stream deliver gas to Turkey and southern Europe via the Black Sea once it ceases to use Ukraine as a transit route which causes a lot of problems caused by discrepancies between Ukraine and Russia. However, we have to be careful that discrepancies between Russia and Turkey will leave Europe without gas during cold winters again. That’s why i take the risk to call it random show of strength as conflicting interests between these two actors in the Near-Middle East might lead them again to a new cold-era of relations.
The pipeline would make it much easier for Russia to cut off gas supplies to neighboring countries like Ukraine without disrupting sales to countries farther west like Italy or Austria. Russia has been trying for years to establish such an export route.
According to Russia’s Energy Minister, Aleksandr Novak, Gazprom and Turkish energy giant Botas have already been tasked with working out the amount of the discount.
On Monday, Gazprom CEO Alexey Miller said that the Turkish Stream project agreement envisioned the construction of two pipeline branches, each with a capacity of 15.75 billion cubic meters (bcm).
The first branch will supply gas directly to Turkey, while the second is to be used to deliver gas to European countries through Turkey, he explained.
According to Anadolu Agency (Turkish Official) Turkey, which is the second biggest consumer of Russian gas after Germany, imports around 30 billion cubic meters of gas from Russia annually via two pipelines — the Blue Stream, which passes under the eastern Black Sea, and the Western Line through the Balkans. via Turkey’s
“The intergovernmental agreement would also define the deadline by which the two maritime threads are to be built. It’s December 2019,” Miller said. (RT.com)
While relations were strained between Russia and Turkey, Russia accused Turkey of turning a blind eye toward terrorists operating in the region as ISIS , and indeed provided with photos and documents Turkish operations of buying oil from the Islamic State, a charge that Turkish officials denied.
Turkey’s Erdogan also declared that the two leaders discussed the Syrian Civil Conflict and the Euphrates Shield Operation as well as strategies and cooperation regarding humanitarian aid to Aleppo. Russia’s Putin said Moscow was on the same page with Ankara about delivering humanitarian aid to Aleppo.
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Sources: Gazprom, Anadolu Agency, WashingtonPost, NYTimes, Sputnik, RT.com, Hürriyet, Natural Gas Europe, Global Research.