Putin’s Turkey Gas Pipe Will Meet Rising Demand as EU Stagnates
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Russian President Vladimir Putin’s plan to replace the South Stream natural gas pipeline to Europe with a link to Turkey would meet rising demand in the nation as the European market stagnates, according to EON AG.
The project would be a real “game changer” and also allow Russia to cut its gas transit via Ukraine by at least a third, Uwe Fip, a senior vice president at EON Global Commodities, said yesterday at the Frankfurt Gas Forum.