Gazprom to start TurkStream's offshore stretch in second half of 2017
Gazprom board member Oleg Aksyutin has said that construction of the offshore section of the TurkStream natural gas pipeline project is planned to commence in the second half of 2017.
Speaking at a Gazprom meeting in Moscow, Aksyutin said that construction of the TurkStream project in Russian territory has been largely finalized. Noting that construction on the offshore section of the project will begin in the coming months, Aksyutin said, "In the second half of this year, we plan to start construction of the offshore section, which will be the extension of Russian territory."
Gazprom Vice-Chairman Aleksandr Medvedev also stated during the meeting that he did not see any reason why they wouldn't receive the necessary approvals for the Nord Stream 2 pipeline project from the European Union.
Pointing out that the technique used in the Nord Stream natural gas could also be used in Nord Stream 2, Medvedev said, "Unless a sudden political decision is taken, I do not think the EU will reject the construction of the Nord Stream 2 project."
Eastern European countries such as Poland, Slovakia and Ukraine are opposed to Nord Stream 2, as they do not want to lose the annual transit fees of about $3 billion they receive from Russia sending gas to Europe through existing pipelines.
As Daily Sabah previoulsy reported, Gazprom CEO Alexei Miller also announced that the laying of the pipeline in the Black Sea will start in the second half of 2017 at the end of December 2016.
On Oct. 10, Turkey and Russia signed an inter-governmental agreement on realizing the construction of the planned TurkStream gas pipeline to compress Russian gas under Turkish waters in the Black Sea toward Europe.
The agreement was signed by Energy Minister Berat Albayrak and his Russian counterpart Alexander Novak, in the presence of Russian President Vladimir Putin and President Recep Tayyip Erdoğan after their talks in Istanbul as part of the 23rd World Energy Congress.
The project, announced by Putin during a December 2014 visit to Turkey, will carry gas from Russia under the Black Sea to the Turkish Thrace. One line, with a 15.75-billion-cubic-meter capacity, is expected to supply the Turkish market with a second carrying gas to Europe.
Russia's state-owned gas giant Gazprom estimated the cost of the construction for pipelines of the TurkStream at 11.4 billion euros, with the cost of the first line construction estimated at 4.3 billion euros.
Speaking at a Gazprom meeting in Moscow, Aksyutin said that construction of the TurkStream project in Russian territory has been largely finalized. Noting that construction on the offshore section of the project will begin in the coming months, Aksyutin said, "In the second half of this year, we plan to start construction of the offshore section, which will be the extension of Russian territory."
Gazprom Vice-Chairman Aleksandr Medvedev also stated during the meeting that he did not see any reason why they wouldn't receive the necessary approvals for the Nord Stream 2 pipeline project from the European Union.
Pointing out that the technique used in the Nord Stream natural gas could also be used in Nord Stream 2, Medvedev said, "Unless a sudden political decision is taken, I do not think the EU will reject the construction of the Nord Stream 2 project."
Eastern European countries such as Poland, Slovakia and Ukraine are opposed to Nord Stream 2, as they do not want to lose the annual transit fees of about $3 billion they receive from Russia sending gas to Europe through existing pipelines.
As Daily Sabah previoulsy reported, Gazprom CEO Alexei Miller also announced that the laying of the pipeline in the Black Sea will start in the second half of 2017 at the end of December 2016.
On Oct. 10, Turkey and Russia signed an inter-governmental agreement on realizing the construction of the planned TurkStream gas pipeline to compress Russian gas under Turkish waters in the Black Sea toward Europe.
The agreement was signed by Energy Minister Berat Albayrak and his Russian counterpart Alexander Novak, in the presence of Russian President Vladimir Putin and President Recep Tayyip Erdoğan after their talks in Istanbul as part of the 23rd World Energy Congress.
The project, announced by Putin during a December 2014 visit to Turkey, will carry gas from Russia under the Black Sea to the Turkish Thrace. One line, with a 15.75-billion-cubic-meter capacity, is expected to supply the Turkish market with a second carrying gas to Europe.
Russia's state-owned gas giant Gazprom estimated the cost of the construction for pipelines of the TurkStream at 11.4 billion euros, with the cost of the first line construction estimated at 4.3 billion euros.
Last Update: February 28, 2017 22:30