Gazprom increases exports to future consumers of gas of the project “Turkish stream”

TASS, August 17. “Gazprom” from January 1 through August 15, 2017, increased gas supplies to countries that may in the future become consumers of gas of the project “Turkish stream”, said the Russian gas holding.

In particular, increased supplies of Russian gas to Turkey, to the South and South-East Europe. Compared to the same period in 2016, the exports to Turkey increased by 22.4%, to Greece – by 13.2%, to Serbia – by 40.8%, Bulgaria 11.1%, Hungary – 24.4%.

As previously reported, the volume of Russian gas export to far abroad from 1 January to 15 August 2017 rose compared to the same period last year by 12.7 billion cubic meters, or 12% 118,3 billion cubic meters.

The head of “Gazprom” Alexey Miller has informed that the company in 2016 has increased gas supplies to far abroad by 12.5% compared to 2015 – to more 179,3 billion cubic meters, which was a historical high.

This year, exports may exceed 180 billion cubic meters of gas.

The project “Turkish stream”

Gazprom may 7 began the construction of the offshore section of the gas pipeline “Turkish stream” at the Russian coast of the Black sea. The project “Turkish stream” involves construction of a pipeline across the Black sea to the European part of Turkey and further to the border with Greece. The length of the offshore part of the pipe should be about 910 km, the land part of the Turkish territory is 180 km away.

The first line will be designed for the Turkish market, the second – for the gas supply countries in southern and South-Eastern Europe. The capacity of each line – 15.75 billion cubic meters of gas per year. Total project cost previously with the possible construction of four strands was estimated at €11.4 billion.

As reported, the investments of “Gazprom” in the project in 2017 will make 41,92 billion.