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Energy security, is being located at the intersection of all political, military and economic policies, is directly related to foreign policy strategies of the states in an interdependent world order. As the main pillar of this concept, pipeline politics is a very important component of foreign policy making process. Within this context, the Blue Stream pipeline project and its role within the broader framework of energy based emerging Turko-Russian cooperation and implications over foreign policy strategies of the actors in Eurasia is examined. The Blue Stream is both economically and strategically in disadvantage of Turkey, It has shifted the regional balance of power between the Russian Federation and Turkey in favor of the former. Furthermore, to somehow it has undermined the Western high interests led by US by providing Russia to become a more active player in Eurasian energy game.