Turkish Stream pipeline - update

The Turkish Stream natural gas pipeline project is becoming more attractive to both Turkey and Russia.

Russian Energy Minister, Alexander Novak, explained: “Of course, if the cost of transit is higher, as our Ukrainian colleagues say, is will affect the cost of transportation and the final gas price for Turkey’s consumers. Therefore, Turkey is interested in receiving gas directly, bypassing other transit countries.”

Additionally, both countries are currently discussing the potential construction of two gas lines within the Turkish Stream project.

It was announced by Novak that: "We touched upon all issues relating to the development of our trade and economic co-operation, key issues of social cooperation related to the energy field. Recently we have been reviewing two major projects. First of all - the Turkish Stream - gas pipeline under the Black Sea. Now we talked about resuming the work on this project. The Turkish side expressed its interest in this project.”

Novak stated that the fist line would hold a capacity of approximately 15.75 billion m³ of gas, which would be delivered to Turkey. The second line is set to flow through Turkey to supply the gas to Europe.

He explained: "Turkey is interested in the gas to be supplied directly, bypassing other transit countries. In general, the issue is the construction of two branches. The second branch is intended for European consumers, south-western European consumers. It can also be laid through the Black Sea and the territory of Turkey."

Edited from various sources by Stephanie Roker

Sources: Trend, Russian Construction, Hurriyet Daily, Russia & India Report, Russia Beyond The Headlines

Read the article online at: https://www.worldpipelines.com/project-news/01082016/turkish-stream-pipeline-update/