January, 2017 Energy

CYPRUS PEACE TALKS

BYMICHAEL TANCHUM 
The greatest beneficiary of a failure in Geneva would be Russia and its efforts to further expand its widening strategic footprint in the Eastern Mediterranean. 
Israel hopes to market its natural gas to Turkey, and via Turkey to the EU, but this aim may hang on the outcome of the potentially historic Cypriot peace negotiations currently underway in Geneva.

‘TURKISH STREAM’ PROJECT

 POSSIBLE SCENARIOS AND CHALLENGES

Following the cancellation of South Stream, Russia announced its plans to reroute the pipeline to Turkey, instead of Bulgaria. The new pipeline was dubbed “Turkish Stream”, with same capacity of South Stream, but less vulnerable to EU competition law. “Turkish Stream” has also experienced delays due to the crisis in Russia-Turkey relations.