Gazprom To Set Up New Company For Gas Pipeline To Turkey

[bemildred]

Source: RFE

Russia's state-controlled natural gas monopoly Gazprom says it will establish a company to build a gas pipeline to Turkey, days after President Vladimir Putin announced the new project.

Gazprom spokesman Sergei Kuprianov said in a statement on December 8 that the company will be registered in St. Petersburg and will be called "Gazprom Russkaya."

Putin said last week that Russia was dropping the South Stream project and was instead planning to build a pipeline to Turkey.

Putin also said Russia could set up a natural gas distribution hub on the Turkish-Greek border to supply Europe with gas.



Read more: http://www.rferl.org/content/russia-turkey-gas/26731867.html

[Sunlei]

1. Putin hurts for customers because gas/oil/& resourses are everywhere & he's not trustworthy anymore.

Perhaps some other Gas Corp has lower prices and a better reputation.

[bemildred]

2. Yeah, he's desperate, he is, you can see it in his eyes. nt

[Sunlei]

5. Russia has so much land and it's beautiful, thousands of miles of untouched wilderness.

A shame, all their gov. does is exploit their countries old school resources like it's still the 1900s

[bemildred]

6. A primitive backwater, really. You wonder why people are freaking out. nt

[KoKo]

13. Following in our "America the Beautiful" desecration footsteps?

Last edited Mon Dec 8, 2014, 06:40 PM - Edit history (1)

unless you forgot sarcasm tag.

[DeSwiss]

3. Using their own currencies to carryout the transactions no doubt.

- The value of the Petrodollar has always rested in the fact that it allowed the US to go to war with countries without firing a shot. Soon everyone understood this was how the game was played, and fell in line.

Now those threats are panic-driven as evidenced by the inauguration of Cold War II™. There's another piper playing a different tune and everyone's listening. And watching.....

K&R

[bemildred]

4. They seem to be going with bi-lateral agreements and barter for now.

So much of this for so much of that.

There is a Russian clearing system in the works, supposedly next year, but who knows how that will go.

However, I expect much sturmg and drang over this, in fact it's already started, so no idea how it will work out over time, and especially if there ever will really be a pipeline there.

[DeSwiss]

7. The point of this Ukraine business.....

...was to stick it to Putin.

- But he always finds a way to stick 'em back......

[bemildred]

8. It has many purposes, Putin is just in the way.

Although I would imagine by now it's become more personal.

[uhnope]

9. gimme a P! gimme a U!

rah rah rah

[KoKo]

14. Here's an article about Putin's Compromise

It's a bit over heavy on the "spin" and I don't know the source...but, I found it an interesting view.

------

The "Taming" of Europe Or Putin's New Compromise

By Politrussia

December 07, 2014 "ICH" - "Politrussia" - Putin's model of handling the internal and external partners, competitors and even enemies have long been known to all who are willing to look at things rationally. At the first stage, Putin offers a very good compromise. It is taken as a sign of weakness and rejected. At the second stage, the situation for those who rejected the compromise is rapidly deteriorating and a new compromise is offered, but significantly less profitable. And this continues up until there is no more compromise, or until a forever inflexible partner will "choke on a polonium scarf" in London. For example, in the situation with South Stream, we are observing phase two: the deterioration of EU's position with a hint of a new compromise in the form of an extended "Blue Stream" and a gas hub on a border with Greece.

http://www.informationclearinghouse.info/article40406.htm

[sadoldgirl]

10. Whatever happened to the so called

Baltic pipeline?

[bemildred]

11. If you mean North Stream, it's there, operating now.

South Stream was cancelled, this Turkish pipe is intended as a replacement for it.

[sadoldgirl]

12. Thanks for the info

So Russia wants all of Eastern and Southern Europe
to become dependent on their gas/oil.
It is not a dumb move from their side, but it is still
putting all their eggs in one basket,imo.