Posted on 12/03/2015 9:12:12 AM PST by Berlin_Freeper
Gas pipes worth 1.8 billion euros ($1.95 billion) are to be left stranded on the shores of the Black Sea after Russia's decision to suspend work on the Turkish Stream pipeline, a potent symbol of Moscow's falling out with Ankara.
Russia has set out to punish Turkey after it shot down a Russian warplane in Syria last week, imposing trade sanctions and releasing data it claims proves Turkish President Tayyip Erdogan is involved in illegal oil deals with Islamic State.
Russian Energy Minister Alexander Novak told reporters on Thursday work on Turkish Stream, a pipeline intended to pump Russian gas into southeastern Europe via Turkey while bypassing Ukraine, had been suspended.
Shortly afterwards, the head of Italian oil major Eni (ENI.MI), slated as one of the main buyers for the pipeline's gas, said the project was dead in the water.
(Excerpt) Read more at reuters.com ...
It wouldn’t surprise me to find out that the USA holds the mortgage on those pipes. Solyndra to the max!
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