Russia has confirmed the primacy of Nord Stream—a natural gas pipeline through the Baltic Sea—in its efforts to replace Ukrainian transit routes for gas exports to Europe, diminishing the likely role to be played by its southern counterpart, Turkish Stream. The agreement, signed September 4 in Vladivostok, sets out the shareholding arrangements for the project to build a new 55 billion cubic meters (bcm) per year system across the Baltic. It not only emphasizes Russian determination to bypass Ukraine, but also almost certainly ensures that, for the foreseeable future, implementation of the Turkish Stream project will be not only …read more
Source: Atlantic Council
