Turk Stream update: pipeline put on hold

Gazprom – a Russian energy giant – has delayed the installation of its Turk Stream pipeline project due to Turkey’s current political crisis.

Gazprom’s Deputy CEO Alexander Medvedev stated: "Due to the fact that the installation did not begin as planned, we are no longer speaking of December 2016.”

The Turk Stream proposed pipeline intends to hold an annual capacity of 63 billion m3 running from Russia to Turkey, beneath the Black Sea.

The Russian Energy Ministry stated recently that it expected an intergovernmental deal on the pipeline, signed after Turkey forms a new government in November.

Edited from various sources by Stephanie Roker

Sources: Sputnik News, UPI, RT

Published on 16/09/2015


Get your FREE Oilfield Technology magazine »

Get your FREE trial of Hydrocarbon Engineering magazine »

Get your FREE trial of World Pipelines magazine »


 
 

Related articles

RINA wins Azerbaijan pipeline welding inspection contract

RINA Services awarded major contract for welding inspection on Azerbaijan’s Baku-Tbilisi pipeline.

Gas auction of Gazprom Export starts

Gazprom Export begins its bidding for gas supply – it will be provided over the 2015/2016 winter period to Europe.

Shareholders Agreement for Nord Stream II

Gazprom, BASF, E.ON, ENGIE, OMV and Shell sign a Shareholders Agreement on Nord Stream II project.

Turkey approves engineering surveys for TurkStream

Turkey has granted permission to conduct an engineering survey on the offshore part of Turkish Stream pipeline, according to Gazprom.

Recommend magazines

  World Pipelines