Gazprom, Turkey Agree on New Route

Russia’s Gazprom and Turkish Minister of Energy and Natural Resources Taner Yildiz agreed on the new route of the new gas pipeline connecting Russia and Turkey, on the basis of the preliminary feasibility study.

‘The four strings will have an aggregate capacity of 63 billion cubic meters a year. 660 kilometers of the pipeline’s route will be laid within the old corridor of South Stream and 250 kilometers – within a new corridor towards the European part of Turkey’ reads the note released on Tuesday. 

Gazprom said it will be the only entity responsible for the construction of the offshore section, adding that it should file its Front End Engineering Design for the offshore segment on Wednesday.

‘Turkish gas transportation facilities will be built jointly. The project stakes will be distributed in the course of the future talks. Botas is approved to represent the Turkish party. Gazprom and Botas will develop the project schedule within 7 days.’ 

The Russian company reinforced the idea that the majority of this gas is meant to be consumed in Europe.

“Our priorities – to study the route’s options in Turkey, to define the location of the landfall facilities, gas delivery points for Turkish consumers and border crossings between Turkey and Greece” Alexey Miller said, adding that the first gas should be delivered in December 2016.