Gazprom to Postpone TurkStream Start from End-2016

Source: Reuters 9/14/2015, Location: Asia

Russia's Gazprom will postpone the launch of the TurkStream pipeline from the end of 2016 as initially expected, Alexander Medvedev, deputy chief executive of the state gas firm, said.

"Given that pipe laying did not start as planned, there is no talk of December 2016," Medvedev told a briefing. He did not provide a new timing.

TurkStream is supposed to bring 63 billion cubic metres (bcm) of gas per year to Turkey and further to Europe by 2020. The first phase of the pipeline was expected to be operational by 2017 and to carry 15.75 bcm of gas.

Russia and Turkey have yet to sign an intergovernmental agreement allowing the project to start. Gazprom wants to bypass Ukraine as a transit country for Russian gas exports to Europe, after a transit contract with Kiev expires in 2019.


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Related Categories: General  LNG Carriers  LNG Terminal  Natural Gas Storage  Oil and Gas Pipeline  Oil Storage  Railways  Tank Truck  Tankers 

Related Articles: General  LNG Carriers  LNG Terminal  Natural Gas Storage  Oil and Gas Pipeline  Oil Storage  Railways  Tank Truck  Tankers 


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