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Gazprom to invest 182.4 billion roubles in Turkish Stream for 2018

Gazprom plans to invest $3.2 billion this year in TurkStream.

Gazprom plans to invest 182.4 billion roubles ($3.2 billion) this year in Turkish Stream gas pipeline project, said the company's deputy chairman on January 15, 2018.


Alexander Medvedev, deputy chairman of Gazprom´s management committee, said that tin 2018 the company will almost double its investments in Turkish Stream compared to last year.


He also said that the company will spend another 114.5 billion roubles to Nord Stream 2, which will carry 55 billion cubic meters of Russian gas to Germany per year.

Medvedev reminded that the company spent around 92.8 billion roubles in Turkish Stream last year.


The 1st line of the Turkish Stream gas project will reach the Turkish shore in May of 2018 and will be in service at the end of 2019.


The Turkish Stream project consists of 2 lines, the 1st of which will serve Turkey with a capacity of 15.75 billion cubic meters, while the 2nd line is planned to serve Europe.


450 kilometers of pipes will be laid over a 930-kilometer route under the Black Sea to reach the Thrace region of Turkey along the Black Sea coast.


Source : Neftegaz.RU