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Dushan Prorokovic

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December 2, 2014
If Europe Does Not Want to Carry Out South Stream…

…Now let’s sum it up and see who lost and who gained as a result of Moscow’s decision to change the gas transit routes. No doubt the agreements reached meet the interests of Russia and Turkey. Now the Russian gas will not flow to the European Union across the territories of Bulgaria, Serbia, Hungary and Austria. Instead it will be transported through Turkey. Simultaneously all alternative pipeline projects are blocked. Russia squeezed out all competitors from the South European market and did it in a much more effective way than building the South Stream pipeline. Turkey is able to ensure its energy security. The two parties also agreed to build large underground gas storage facilities in Turkey near the Greek border to protect the country against interruptions in gas supplies. As a result, Turkey will turn into a world gas hub for many years to come. It will strengthen the Turkey’s clout in the Eastern Mediterranean and the Balkans…