The pipeline will compete with the Russian-built TurkStream pipeline for the supply of gas to Turkey, as well to southern Europe in the near future.
Russia’s Gazprom has signed a protocol with the Turkish government regarding the TurkStream gas pipeline.
Discussions at the Gazprom Board of Directors meeting reveal the progress made on the Power of Siberia gas pipeline.
EU lawmakers have backed draft rules that would extend EU internal energy market laws to offshore gas pipelines such as Nord Stream 2.
Over 930 km of pipeline has been laid on the seabed of the Black Sea, 50% of the total offshore section.
The Council of the European Union has rejected a proposal to extend EU internal energy market rules to cover offshore gas pipelines.
Both companies have reviewed issues related to the supplies of pipes produced by ChelPipe to the facilities of Gazprom.