by The Saker, The News Doctors:
I won’t make this one long or analytical. I am sure that somebody will do that within the next 24 hours. But I will say this: the Ukrainians blackmailed Russia over gas, and that created North Stream and South Stream. The Bulgarians decided to cave in to the Eurobureaucrats and that created today’s deal with Turkey. For 63bcm. Which happens to be the maximal output of South Stream. But that is all short term. The long term is this: Russia is creating a unified gas distribution network which will be able to send gas from anywhere in Russia to any part of the Russia border.
[Sidebar: The real market for Russian gas will not be a dying EU economy, but the growing and energy hungry mega-market of China. Russia is also selling China it’s top-of-the-line S-400 missiles which is a nightmare come true for the US and Taiwan. And all of this involves huge sums of money, immense projects and a deep strategic alliance for decades into the future.]
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