Gazprom to build Turkish Stream at its own expense

  22 June 2017    Read: 2170
Gazprom to build Turkish Stream at its own expense
Investment in the Turkish Stream gas pipeline project are estimated at $6 bln, the project can be implemented only at the expense of Gazprom, Deputy Chairman of Gazprom Management Committee Andrey Kruglov said at a press conference.
"The volume of the planned investments in the Turkish Stream is around $6 bln. As for the project’s financing, we said that such opportunity exists to finance the sea part of the project. Nevertheless, we planned that the Turkish Stream could be implemented only at the expense of Gazprom," TASS cited Kruglov as saying.

Gazprom has started construction of the offshore section of the Turkish Stream gas pipeline along the bottom of the Black Sea on May 7. The first string of the gas pipeline is intended for Turkish consumers, while the second string will deliver gas to southern and southeastern Europe. Each string will have the throughput capacity of 15.75 billion cubic meters of gas per year.

"The project is being implemented strictly according to the plan, and by the end of 2019 our Turkish and European consumers will have a new reliable route for the import of the Russian gas," the company’s CEO, Alexei Miller said.

More about: #Gazprom   #Russia   #Turkey   #Turkish-Stream  


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