by Natalia Konarzewska

April 19,  2017

On February 1, Russia’s Federation Council, the upper house of parliament, ratified the inter-governmental agreement (IGA) on construction of Turkish Stream, a pipeline designed to carry Russian gas to Turkey and further to Europe. The bill was earlier approved by the Turkish parliament in December 2016 and by Russia’s State Duma, the lower house of parliament, in late January. Russia is also investigating means for transporting gas to southern Europe. In January, the Deputy Chairman of Gazprom’s Board Alexander Medvedev announced that Gazprom was interested in using the capacities of the Trans-Adriatic Pipeline (TAP) or ITGI-Poseidon to bring its gas to Europe.

By Ipek Velioglu

January 15th, 2016, The Turkey Analyst

Turkey’s decision to shoot down a Russian jet in the Syrian border led to a crisis between the two countries. Although Russia and Turkey always had divergent political agendas, they maintained a good relationship. In the last decade, thanks to the personal relationship of the leaders, Russia and Turkey created a strong economic partnership, especially in the energy field, and kept it separately from the political sphere. But this time is different: the deterioration in political relations will have a strong impact on energy cooperation. Russia slammed economic sanctions on Turkey and big investment projects are at risk. Given its dependency on Russian natural gas, Turkey is concerned about its energy security, making the quest for alternative suppliers and sources highly relevant.