In Diplomatic Defeat, Putin Diverts Pipeline to Turkey - NYTimes.com - 0 views
www.nytimes.com/...eline-turkey-south-stream.html
putin pipeline nytimes turkey history politics economic ukraine
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President Vladimir V. Putin said Monday that he would scrap Russia’s South Stream gas pipeline, a grandiose project that was once intended to establish the country’s dominance in southeastern Europe but instead fell victim to Russia’s increasingly toxic relationship with the West.
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Russia had long presented the $22 billion South Stream project as a sound business move. But Washington and Brussels had dismissed it as a thinly veiled attempt by the Kremlin to cement its position as the dominant supplier in Europe while sidestepping Ukraine, where price disputes with Moscow twice interrupted supplies in recent years.
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The Ukraine conflict also helped turn Mr. Putin away from the West. He signed a major and long-delayed deal to provide gas to China and began seeking other, non-European markets for his oil and gas. This, too, made the pipeline seem more expendable.
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If there was one winner it was Turkey, which, along with China and other energy-hungry developing nations, has been exploiting the East-West rift to gain long-term energy supplies at bargain prices. Mr. Putin noted that on Monday during a news conference in Ankara with Turkey’s president, Recep Tayyip Erdogan
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“If Europe does not want this to be realized, then it will not be realized,” he said of the pipeline during the news conference, which was televised live across Russia during prime time. He said it would be “ridiculous” to invest hundreds of millions of dollars in the pipeline to bring it to Europe through Bulgaria only to have to abandon it because of political differences.
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“We believe that it does not coincide with Europe’s economic interests and harms our cooperation,” Mr. Putin added. “But such is the decision of our European friends. They are, in the end, customers. It is their choice.”
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In addition to food, Russia and Turkey have found other avenues for economic cooperation. Russia is finishing plans to start construction on Turkey’s first nuclear power plant.