TODAY.AZ / Business

Gazprom gets assent to survey lines of Turkish Stream

30 September 2016 [13:52] - TODAY.AZ

By Azernews


By Nigar Abbasova

Russian energy giant Gazprom received a permit to implement survey work for two lines on the offshore segment of the Turkish Stream natural gas pipeline in Turkey’s territorial waters, the company reported.

Gazprom head Alexey Miller said that the work within Turkish Stream project is currently implemented at an excellent pace, underlining structural and operative interaction with the Turkish partners.

Gazprom earlier reported that it had received the first permit from Turkish authorities for construction of the offshore segment of the project.

The offshore part of the pipeline will cross the Black Sea bed, while its maximal depth along the route is expected to reach 2,200 meters. The length of the offshore part will stand at 910 km.

Turkish Stream, which is expected to bring Russian gas via the Black Sea into Turkey and southern Europe, became topical following mending of Russia-Turkey ties.

The issue was also on agenda during the meeting of Russian and Turkish Presidents in St. Petersburg on August 9, which became the first meeting after the Su-24 bomber incident, which deteriorated ties between the two countries.

One of the other obstacles that a project faced before deterioration of ties was failure of the sides to reach consent over gas price. Gazprom earlier reported judicial proceedings on the suit of Botas against Gazprom on gas prices will start in the second half of 2017.

Miller and Berat Albayrak, Energy Minister of Turkey reached an agreement on the earliest possible completion of the procedure for issuing authorizations required to launch the Turkish Stream project in August, 2016.

The Turkish Stream pipeline was announced by the Russian authorities in December 2014. Initially, it was planned that the marine section of Turkish Stream would comprise four lines with the capacity of 15.75 billion cubic meters each.

The project’s total cost is estimated at €11.4 billion, with the cost of the first line amounting to €4.3 billion.

Gazprom and Turkish company Bota? signed the MoU on the construction of a

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