Turkish Stream Pipeline is Almost Finished, Gazprom Says

12/07/2019 08:59 Natural Gas

news

Last week Russian state-owned gas giant Gazprom invited bank analysts on a trip to inspect the construction work on the Turkish Stream (aka TurkStream) pipeline. They report work on the pipeline is on schedule and that it is 90% complete and should go online before the end of the year.

Turkish Stream is part of a trident of pipelines running from Russia to Europe to supply gas to Gazprom’s main customers. Turkish Stream expands the southern route and is an addition to the Druzhba pipeline that runs through Ukraine and has been the main conduit since Soviet times. More controversial is the construction of the 55 billion cubic metre (bcm) Nord Stream 2 pipeline that runs under the Baltics and has been the subject of bitter political wrangling.

 

The capacity of the Turkish Stream project is 31.5bcm. It will deliver gas from Russia’s southern region to Turkey and then on to southern Europe.

Source: themoscowtimes.com

Turkey's Akkuyu nuclear plant secures Russian financing

22/08/2019 08:31:00

Sberbank, Russia's state-owned banking and financial services company will provide a $400 million loan for the construction of Turkey's Akkuyu nuclear power station, the bank announced on Wednesday.

<READ MORE

Daily (21.08.2019): NBP Sep19 price jumped by almost 5% due to an outage at the Culzean gas field

21/08/2019 11:38:00

Crude oil prices were rather steady on Tuesday. Brent crude inched up by 0.5% to $60.03 as tensions between U.S. and China eased. However, WTI futures dropped by 0.1% to 56.13 amidst continued concerns over global demand.

READ MORE

Moldova seeks importing Russian gas through the Turkish Stream gas pipeline

21/08/2019 08:45:00

The Moldovan government is interested in importing Russian gas through the TurkStream pipeline and has discussed the issue with Gazprom officials, the country's Economy Minister Vadim Brinzan said today.

READ MORE