Gazprom and Turkey discuss using Turkish Stream for gas supplies to Europe

Gazprom and Turkey discuss using Turkish Stream for gas supplies to Europe

Russian energy giant Gazprom and its Turkish partners are currently in talks on how the Turkish Stream pipeline can be used for deliveries to the European market, chief executive of the Russian holding’s export arm Gazprom Export Elena Burmistrova said.

"We are now in talks on the issue with our Turkish colleagues," she said at a conference with investment banks, when asked how the pipeline will be used for European deliveries.

Earlier, Burmistrova said that Gazprom may consider delivering some of Turkish Stream’s gas further to Europe, on the condition that the demand for gas in the country continues to decline. Gas purchases in Turkey declined significantly since 2019 for a number of internal reasons, including excessive supplies of liquefied natural gas.

Nevertheless, in general, forecasts on gas consumption in Turkey are optimistic, she said back then. Gazprom’s best year in Turkey was 2017, when the Russian company delivered about 29 billion cubic meters of natural gas to the country, making it the second biggest market after Germany.

Commercial deliveries via the Turkish Stream pipeline started on January 1, 2020. Presidents of Russia and Turkey held the official opening ceremony of the TurkStream on January 8 in Istanbul.

4850 views


Vestnik Kavkaza

in Telegram

Subscribe



Populars