TurkStream: Russia's Newest Gas Pipeline to Europe [Updated February 5, 2020]   [open pdf - 662KB]

From the Document: "Russia's state-owned natural gas company Gazprom has long sought to protect its share of Europe's natural gas market. Along with the controversial Nord Stream 2 project (see CRS [Congressional Research Service] In Focus IF11138, 'Nord Stream 2: A Fait Accompli?'), Gazprom's TurkStream project could strengthen Russia's foothold in the European energy market, especially southern Europe. It also could cement Turkey's status as a lead recipient of Russian gas, at a time of relatively strong Turkish-Russian relations. Opponents of the TurkStream project, including the Trump Administration and some Members of Congress, have expressed concern that the project could also help erode Ukraine's transit role for natural gas. In 2018, Gazprom supplied more than 40% of the EU's natural gas imports and about 50% of Turkey's. Many analysts maintain that Moscow could use its energy exports as leverage in countries that are dependent upon Russian natural gas. The United States, in turn, has long supported projects to diversify natural gas supplies to Europe and undercut Russia's market dominance."

Report Number:
CRS In Focus, IF11177
Public Domain
Retrieved From:
Congressional Research Service: https://crsreports.congress.gov/
Media Type:
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