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News // Transportation and storage

Gazprom to start TurkStream's offshore stretch in 2nd half of 2017

02 March 2017 , 16:10Neftegaz.RU601

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 2nd half of 2017.

 

Speaking at a Gazprom meeting, 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 2nd 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.

 

The project 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 2nd line 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 1st line construction estimated at 4.3 billion euros.

 

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