Putin's new gas strategy makes sense.

When Russia last month refused to build a pipeline to transport natural gas to Europe, which should pass under the Black Sea, and also announced that it redirected the project towards Turkey, some observers thought it was a bluff, others saw a sign of financial weakness in a statement made, and there were some people who took it as a reproach to the West over the Ukraine and as evidence of the intention of President Vladimir Putin to seek new partners elsewhere, "Bloomberg" writes.

In fact, this change has great commercial sense, and it should have been taken long ago - the authors of a new report from the most knowledgeable experts on the Russian gas industry came to a conclusion.