The project for the ‘Turkish Stream’ involves the construction of four gas pipeline strings at a capacity of 15.75 billion cubic meters of gas each. The gas, which is to go via the first string, is completely meant for Turkish market, while the remaining volumes will be brought to Turkey’s border with Greece, where a gas hub is planned to be located.
In early August 2015, Gazprom was reported to have revised plans on construction of the ‘Turkish Stream’ and that it would give up the third and fourth strings of the pipeline.
The reason was said to be the “absence of a key agreement on granting Ankara a discount on Russian gas.”
Alexander Medvedev, Gazprom deputy chairman of the board, told reporters that the commissioning of the Turkish Stream gas pipeline, originally scheduled for late 2016, is postponed to a later period.
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