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Construction of Turkish Stream’s offshore part to start in 2H17

Oil&Gas Materials 28 February 2017 14:37 (UTC +04:00)
Russia’s Gazprom company plans to start building the offshore part of the Turkish Stream gas pipeline in coming months.
Construction of Turkish Stream’s offshore part to start in 2H17

Baku, Azerbaijan, Feb.28

By Leman Zeynalova – Trend:

Russia’s Gazprom company plans to start building the offshore part of the Turkish Stream gas pipeline in coming months, said the company’s management board member Oleg Aksyutin.

“To date, the major part of work on expanding the gas transportation system on Russia’s territory is complete and we plan to start the construction of the pipeline’s offshore section in the second half of 2017,” RIA Novosti quoted Aksyutin as saying during Gazprom’s investor day in Singapore.

Russia and Turkey signed an intergovernmental agreement October 10 on the implementation of the Turkish Stream project.

The agreement envisages construction of two branches of the main gas pipeline under the Black Sea, the capacity of each branch being 15.75 billion cubic meters of gas.

One branch is meant to supply gas directly to the Turkish market and the other for the supply of gas by transit through Turkey to Europe. The intergovernmental agreement also stipulates that these two offshore branches should be built by December 2019.

On Dec.8, 2016, South Stream Transport B.V., 100-percent subsidiary of Gazprom, signed a contract with Swiss Allseas Group on constructing the first line of the Turkish Stream gas pipeline’s offshore segment.

Later in February 2017, the two companies inked an agreement on constructing the second line of the pipeline’s offshore section.

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Follow the author on Twitter: @Lyaman_Zeyn

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