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RF postponed the launch of "Turkish Stream" for an indefinite period

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RF postponed the launch of "Turkish Stream" for an indefinite period

Post by Admin on Thu Oct 08, 2015 5:39 am

Russian Gazprom has decided to postpone the launch of the first line, "Turkish Stream" because of lack of agreement with Turkey, Deputy Chairman of the Russian company Alexander Medvedev.

"They could realize the project of the first line in December 2016. Now, since there is no intergovernmental agreement, the term shifted. How much it moves - it depends on how quickly the agreement will be signed. If he moves to one year, nothing bad will happen, "- said Medvedev.

According to him, the timing of the project affected by the political situation in Turkey: November 1, the country will be held early parliamentary elections, which resulted in a new government. At the same time, according to the deputy head of Gazprom, the situation around Syria does not affect the course of negotiations between Moscow and Ankara.

Recall Gazprom reduces gas export pipeline design capacity of Turkish flow almost doubled due to Nord Stream and expects to sign the contract for the western route of the gas pipeline to China in the spring of 2016, said the head of Russia's state monopoly.

Recently the Minister of Energy Minister Alexander Novak said that an intergovernmental agreement on the Turkish stream will be signed no earlier than December 2015 - January 2016.

At the beginning of August 2015 it was reported that Gazprom has revised plans for the construction of the Turkish stream and abandon the third and fourth thread of the pipeline. Later, the deputy head of Gazprom Alexander Medvedev said that the project is scheduled to begin the flow of Turkish on building a gas pipeline through which gas will be supplied to consumers Turkey.

Turkish gas pipeline project envisages the construction of four flow pipe threads and phased commissioning. The cost of construction of the first strand of the pipeline to Turkey Gazprom is estimated at 4.3 billion euros, all four threads - to 11.4 billion euros.

Turkish Power flow of the project was to be 50-60 billion cubic meters of gas per year. The Russian side expects that the pipeline will help diversify the supply of Russian gas to Europe and reduce dependence on the Ukrainian transit.

Turkish stream replaces the South Stream project, the icing on the background of strained relations between Russia and Europe. It is expected that the pipeline will run under the Black Sea to Turkey, and from there will continue to Greece.

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