Is this even a real proposal? Nowadays, after becoming so unreliable a supplier of gas to Europe, in fact having weaponized Russian gas deliveries, it is difficult for anyone to take this proposal seriously. Erdogan may have many significant problems; however he and Turkey are not so naieve as to do what Germany and Austria forced the European Union to do, i.e., become overdependent on Russian gas, especially given the deep energy crisis Europe is currently going through.
But, also consider this (as I explained towards the end): This proposal of sending Nord Stream gas, originating in Northern Urengoy province, above the Artic Circle, would also require a big, new pipeline laying project, running at least from perhaps near the Ukrainian border south towards the Black Sea and then onto Turkey. This would have a significant cost. And, by the time this could be finished – in perhaps five or more years – the world will have moved on. By that time, new LNG and natural gas production potential in the USA, Qatar, Australia, Algeria, Norway, Israel (sent to Egypt for liquification) and likely many others’, will have been developed and be on the global market. On this time horizon, there would be plenty of diverse sources of gas fully able to replace Russian export capacities.
I also explained the history of the South Stream Pipeline …Continue reading