On 10 March, the Russian President, Vladimir Putin, and Turkish President, Recep Tayyip Erdogan, had a meeting to discuss the implementation of the TurkStream natural gas pipeline project.
According to TASS, Putin claimed that the pipeline will allow for the potential of boosting gas deliveries to Turkey and enhance its transit potential.
At present, Turkey is second in terms of gas procurements from Russia. However, as cited by TASS, Putin added: "Russia and Turkey have a huge potential to develop good neighborly ties, the two countries can not only make up for lost time but also take c-operation to the next level."
Meanwhile, the Russian Energy Minister, Alexander Novak, has stated that all of the required permits for the first section of the TurkStream pipeline have been approved. Work is currently underway on this section of the pipeline and pipelaying will commence in mid-2017. According to Sputnik News, he also added that the first branch would be implemented by the end of 2019.
The second offshore section of the pipeline is currently undergoing survey work and obtainment of approvals.
Sputnik News reported Alexei Grivach, Deputy Director General for Gas Projects at the National Energy Security Fund, as stating that Bulgaria is one country that is anticipated to receive Russian gas via the TurkStream pipeline, with its gas demand at approximately 3 billion m3/y.
The news source reported Grivach as stating: "The countries that border Turkey are interested in the project. Now they are receiving gas via the Transbalkan gas pipeline, where large amounts of gas go to Turkey. These are such countries as Bulgaria and Greece, small amounts also go to Romania and Macedonia.”
The total length of TurkStream is approximately 900 km, and will run under the Black Sea. The pipeline, which will transport gas from Russia to Turkey, consists two lines with a total maximum capacity of 31.5 billion m3/y of gas and 15.75 billion m3/y of gas, respectively.
Read the article online at: https://www.worldpipelines.com/business-news/13032017/turkstream-delivery-prospects/