ECONOMY

Turkish Stream gas pipeline freezes

turkish-stream-gas-pipeline-freezes

Russia may freeze work on the Turkish Stream gas pipeline project for several years in retaliation against Ankara for the shooting down of a Russian Air Force jet, two sources at Russian gas giant Gazprom have told Reuters.

The project is to involve, initially, building a new gas pipeline under the Black Sea to Turkey, and in subsequent phases the construction of a further line from Turkey to Greece, and then overland into Southeastern Europe.

Even before the row with Ankara, the project had been delayed and reduced in scale, leading some industry insiders to doubt if it would ever happen.

[Reuters]