Energy security

Turkey, Russia, and the European Diplomatic Chessboard

video

No doubt, Monday, October 10, 2016, will become a key date in Turkey’s diplomatic history. On that day, the country’s President Recep Tayyip Erdoğan and his Russian counterpart, Vladimir Putin, signed an agreement on the Turkish Stream gas pipeline, which will bring Russian gas to Turkey and onward to the EU. In short, the deal represents a tactical advantage to Turkey and a new strategic position for Russia, which will keep dominating gas supplies to the EU.

Nuclear energy is an important factor of development

By D.Rozanov

France is proud of its achievements in the development of nuclear energy. Nationwide, there are 58 reactors, which together produce more than 400 billion kilowatt-hours annually, or more than 75% of the total electricity generated. Branch provides a less high electricity prices for domestic consumers, compared with many European countries, which is very important in modern conditions.

Turkish Stream: The Cost of Russia’s Stubbornness

video

Unlike Russian gas pumped via Ukraine and Germany, that flowing through Turkey will face tough competition from Azerbaijani, Iranian, Iraqi, and possibly even Turkmen and Israeli gas. Gazprom’s rivals won’t need to ship their gas as far, and they will have much lower pipeline construction costs. The gas market in southeastern Europe is not that big and doesn’t have a lot of room for growth.