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Sensitive moments Putin went to Turkey for a big event! "Turkey Creek" gas pipeline officially opens

Time: January 9, 2020 14:32:53 China Finance
Original title: Putin rushed to Turkey for a big event at a sensitive time! The "Turkey Creek" gas pipeline was officially opened at the beginning of the new year 2020. For Russian President Putin, in addition to stabilizing the situation in the Middle East, there is another important event to announce.

On the 8th local time, Putin went straight to Turkey after a visit to Syria. In Istanbul, Putin and Turkish President Erdogan together witnessed the launch of a large project-the "TurkStream" natural gas pipeline, which leaders of the two parties called "a model of international cooperation."

In addition, Putin and Erdogan also issued a joint statement on the current complex Middle East and North Africa situation. In the statement, the leaders of Turkey and Russia promised to firmly safeguard Libya's sovereignty, independence, territorial integrity and national unity. Regarding the escalating tensions between the United States and Iran, Turkey and Russia oppose foreign interference and unilateral military actions, and call on all parties to exercise restraint and rationality and to use diplomatic means to resolve conflicts.

"A model of cooperation"

In October 2016, Russia and Turkey signed an agreement on the “Turkey Creek” gas pipeline project, which officially started construction in May 2017. The project is divided into subsea and land projects. The land pipeline is divided into two. One pipeline connects the Turkish natural gas network, and the other extends to Europe. When the pipeline is operating at full capacity, a total of 31.5 billion cubic meters of natural gas can be delivered to Turkey and Europe each year.

During the ventilation ceremony, Putin said: "Although the situation in our region is complex, the official operation of this project means that Russia and Turkey are showing a very different feat."

Erdogan said at the ceremony: "Turkey's demand for natural gas continues to grow. Russia is a major supplier to Turkey. We have imported 400 billion cubic meters of natural gas from Russia. Cooperation between Russia and Turkey in the field of energy Very successful, we will continue to implement a series of new projects. "

In addition, Serbian President Vucic and Bulgarian Prime Minister Borisov were also present at the "Turkey Creek" gas pipeline ventilation ceremony. The original design of this pipeline was to avoid Ukraine and use Turkey as a transit point for Russian natural gas transmission to Europe.

As for the second "Turkey Creek" gas pipeline that will extend from Turkey to Europe, Bulgaria has now constructed an 11 km pipeline to connect with the "Turkey Creek". In the future, the natural gas pipeline project will also transfer Russian natural gas to Serbia, Hungary, and some southern European countries through Bulgaria. Bulgaria hopes that Russia's natural gas will be delivered to Serbia by May this year, and the network extending to Europe is expected to be completed by the end of this year.

Fearless of sanctions on the eve of the opening of the "Turkey Creek" gas pipeline, this natural gas project is on the list of the latest US sanctions on Russia. On December 20 last year, US President Trump signed the FY 2020 National Defense Authorization Act, which mentioned sanctions on the "Turkey Creek" natural gas pipeline, including measures to ban related corporate personnel from traveling to the United States and freezing their presence in the United States Property, etc. At the same time, another Russian natural gas pipeline project, Nord Stream 2, was sanctioned.

Undertaking the construction of the two major natural gas pipeline projects above is the Russian gas giant Gazprom (hereinafter referred to as "Russian Gas"). Turkey is the main buyer of Russian natural gas. In addition to the "Turkey Creek" natural gas pipeline that was just opened on the 8th, Turkey already used Russian natural gas through the "Blue Stream" natural gas pipeline in 2005. The natural gas project cooperation between Russia and Turkey dates back to 1984.

According to data from Gazprom in 2017, Gazprom provided 52% of Turkey's natural gas needs. In 2018, Turkey was the largest Russian gas buyer after Germany. In that year, Turkey's total natural gas obtained from Gazprom and its subsidiaries was about 24 billion cubic meters.

Russian Gas President Alexey Miller said at the ventilation ceremony that the official launch of the "Turkey Creek" project not only stabilized the natural gas cooperation between Russia and Turkey, but also provided a new path for Europe to receive and use Russian gas. . Putin also said that despite the complicated international situation and some countries trying to obstruct Russia and Turkey to expand mutually beneficial cooperation, the work of the two sides has continued without being affected.

Since the shale gas revolution, the United States has been hoping to capture the natural gas market in Europe. Therefore, since 2015, the United States has been looking for various opportunities to sell US-made natural gas to Europe, but the export volume of US natural gas to Europe is still less than 1% of Russia's supply to the EU.

Nursin Atesoglu Guney, member of the Turkish President ’s Security and Foreign Policy Committee, said that for European consumers, Russian gas is cheaper than that provided by the United States. He said: "Russia's huge pipeline network already exists, making European people's profitability accounting more economically advantageous, so they decided to Russia's natural gas." (. 第. 一. 财. 经)
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