The demise of the 2,446 km South Stream project in December represented the culmination of strained Russia-EU relations - both over the Ukraine crisis and Gazprom's resistance to EU third-party access rules. Undiminished in its desire to displace gas fows through Ukraine by 2020, Moscow has now turned to Turkish Stream - a proposed 63 Bcm/year pipeline via the Black Sea and Turkey to the Greek border. But the scrapping of one pipeline for another was a bitter anticlimax for transit countries hoping to reap the economic benefts of South Stream. Several are now pinning their hopes to other regional projects to expand their supply sources. Meanwhile, progress continues on the Southern Gas Corridor, which from 2020 will supply additional gas to Europe. Amid a scenario of intense competition for European gas demand, Gas Strategies asks: what are Turkish Stream’s options?
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