Milestone reached in Russia for the Turkish Stream

Milestone reached in Russia for the Turkish Stream

Overview

  • Release Date: December 30, 2016

Alexei Miller, CEO of Gazprom , who oversees the Turkish-Russian joint project known as the “Turkish Stream” stated that the construction works within the Russian borders is finished and the pipes will be installed under the Black Sea during the second half of 2017. Alexei Miller said in a statement on March 29 that the company aims to finish construction of the Turkish Stream gas pipeline by the end of 2019.

 

The Turkish Stream project was the main subject of discussion between Turkish President Tayyip Erdogan and Russian leader Vladimir Putin in St. Petersburg in August 2016. A decision was made to resume works under the Turkish Stream gas pipeline project, to set up a working group and to prepare a roadmap. The project officially began with the signing of a protocol between the parties during the Energy Congress in Istanbul on Oct. 10, 2016 and became effective on Feb. 21, 2017, in line with the law numbered 6765.

It is vital to Turkey’s energy supply and will include four pipelines, two of them will be offshore and the remaining two will be onshore.

 

After the adoption of the law in the Turkish Grand National Assembly and the publication of an agreement in the Official Gazette, the eyes turned to Sub-assembly of the Russian Parliament, DUMA.

 

This project is a 910 KM natural gas pipeline running from Anapa in the Krasnodar Region to Kıyıköy in Turkey. According to the government’s circular published on the official gazette on April 5th, all state structures and ministries of Turkey have been instructed to conduct coordinated work to eliminate any delays in the implementation of the project. The document was signed by the Prime Minister of Turkey, Binali Yildirim. The document also states the establishment of a special office to deal with the rights for land during the project implementation.

 

The 180-kilometer section of the Turkish Stream, that is under the Black Sea, will be within Turkey’s borders, South Stream Transport B.V. has undertaken the design, construction and operation works of the two offshore pipelines, while one of the two onshore pipelines will be built by Turkey’s BOTAŞ.

A total investment of 11.4 billion € is expected for the pipeline. Turkey is expected to consume about 15.75 billion cubic metres per annum.

Tags: gazprom,

About Author

Arnaud Lefevre

Arnaud Lefevre is the Chief Executive Officer of Dynatom International. Arnaud is in charge of the international development of the business portfolio.