Middle East Economic Survey


No 26



Russia Invites Turkey To Join South Stream Project

Russias Deputy Prime Minister for Energy Igor Sechin has invited Turkey to participate in the South Stream pipeline project, intended to deliver up to 31 bcm/year of gas to Europe beginning in 2016 without passing through Ukraine. Mr Sechin met Turkeys Minister of Energy Taner Yildiz in Moscow on 1 July, shortly after Ankaras reported agreement with the EU to drop its claim for a 15% gas...