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Is Turkish Stream a pipe dream?

Turkey and Russia appear keen on the Turkish Stream pipeline project, setting aside differences, but analysts suggest there is more political than economic logic involved.
A worker carries out a routine check in a natural gas control centre of Turkey's Petroleum and Pipeline Corporation, 35 km (22 miles) west of Ankara, January 5, 2009. The European Union on Monday scheduled talks with Russia to press for a speedy resolution of a dispute with Ukraine that has hit gas supplies to countries in eastern and southern Europe facing freezing temperatures. Turkey has increased gas delivered direct from Russia via the Blue-Stream pipeline under the Black Sea to compensate for a slight

Turkish-Russia ties were strained in an unprecedented manner recently after President Vladimir Putin gave strong support to the widespread belief that the Armenian massacres during World War I were genocide, which Turkey officially rejects, and attended the commemorations in Yerevan to mark the centenary of the event.

Ankara responded angrily by listing Russian atrocities in Ukraine, Caucasus and Central Asia, while President Recep Tayyip Erdogan turned down an invitation to attend the Victory Day Parade in Moscow to mark the 70th anniversary of the defeat of Nazi Germany.

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