/ world today news/ The construction of the Turkish Stream gas pipeline is becoming more and more attractive for Turkey and Russia due to the rising costs of gas transit through Ukraine, Russian Energy Minister Alexander Novak said.
He announced this in the program “Energy” on the TV channel “Russia 24”, quoted by TASS.
“Absolutely, of course, if the price of transit rises, as our Ukrainian colleagues state, this will be transferred to the price of transport and the final price for consumers of natural gas in Turkey. Therefore, Turkey is interested in the gas entering directly, bypassing other transit countries (including Bulgaria, ed.),” he said.
The minister added that the project envisages the construction of at least one thread of the gas pipeline with the delivery of 15.75 billion cubic meters of gas per year. This volume is intended for Turkish users.
The TurkStream project was announced by Russian authorities in December 2014 as a replacement for South Stream.
The offshore section of the Turk Stream was planned to consist of four independent strands with a capacity of 15.75 billion cubic meters each. The gas pipeline must pass 660 km in the old South Stream corridor and 250 km along the new one to the European part of Turkey.
All the gas from the first pipeline is expected to be used to meet the needs of the growing Turkish market.
There is a meeting between the presidents of Russia Vladimir Putin and Turkey’s Recep Erdogan in St. Petersburg. Most likely, political decisions on the resumption of the big projects will be made there.
Before the rift, cooperation between Russia and Turkey was dynamic and multifaceted, from energy and tourism to agriculture and construction. More specifically, Rosatom is engaged in the construction of the Akkuyu NPP with a total capacity of 4.8 GW and an estimated cost of 20 billion dollars. It is possible that this project will be unfrozen.
The prospects for resuming the construction of the Turkish Stream gas pipeline will also be discussed.
Initially, Gazprom planned to build the South Stream gas pipeline along the bottom of the Black Sea and through Bulgaria to Europe, but due to the opposition of the European Commission, the company announced a new project – Turkish Stream through Turkey. Until its shutdown in November 2015, Gazprom managed to buy 1 billion euros worth of pipes and prepare the infrastructure on Russian territory.
Moscow / Russia
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