Contents tagged with Turkish Stream
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Putin commissions Turkish Stream pipeline which will never pay itself off
Russian President Vladimir Putin and his Turkish counterpart Recep Tayyip Erdogan commissioned the Turkish Stream gas pipeline at an opening ceremony on Wednesday.
As he turned the symbolic valve, Putin put an end to the project which grew out of the wreckage of South Stream, and in which the Kremlin was hoping to see the long-awaited replacement of transit through Ukraine.
These hopes were in vain. Initially Gazprom was expecting a pipe with four lines, each with a capacity of 15.75 billion …
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Bulgaria starts receiving gas through Turkish Stream
Bulgaria has started receiving Russian gas through the Turkish Stream pipeline. The Bulgarian gas company Bulgargaz reported that on December 30 it signed an agreement with Gazprom Export regarding new fuel deliveries.
As of January 1, natural gas has been received at Strandzha 2, with the fuel coming from Turkey, instead of at the Isakcha and Negru-Voda intake points in Romania.
The company estimated that it would save the equivalent of $46.2 million per year thanks to the change of intake …
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Serbia to start construction of the Turkish Stream pipeline through its territory
The Serbian government made a final decision to start the construction of the gas pipeline that will pass from Bulgaria to Hungary through the territory of the country, stated Minister of Mining and Energy of Serbia Aleksandar Antić, the local Kurir newspaper reported.
The customer for the construction of the gas pipeline is Gastrans d.o.o. Novi Sad (51% and 49% of which are owned by Gazprom and Serbiagas, respectively). The pipeline will be 400 km long and will have a capacity of 13.88 …
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Naftogaz: Ukraine will lose its gas transit role after Nord Stream 2 is launched
Nord Stream 2 will reduce demand for Ukraine's gas transportation system, said Head of Naftogaz Andriy Kobolyev in an interview with Ukrainian Channel 5.
“We will lose the entire transit. Because there is still the Turkish Stream, which will probably be built and launched by the end of 2019,” Kobolyev said. According to him, Ukraine will lose the deterrent against the “Russian aggression” after Nord Steam 2 is put in operation. “It is necessary to analyze this pipeline in terms of war risks …
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Putin expects TurkStream pipeline to be launched by the end of 2019
Russian President Vladimir Putin hopes that the land section of TurkStream will be ready as planned before the end of 2019.
"We hope that the work on laying the land part [of the TurkStream pipeline] will be conducted in the same quick manner, so as to launch the gas pipeline as planned before the end of this year," said the Russian President at a press conference following the Russia-Turkey negotiations.
“The joint strategic cooperation is being successfully carried out on the largest …
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Putin promises Vucic $1.4 billion to help extend TurkStream pipeline through Serbia
Russia is ready to invest $1.4 billion into Serbia’s economy in order to construct the TurkStream gas pipeline through the country, RBC news agency reports.
“We are ready to invest the necessary resources, which are approximately $ 1.4 billion,” said Russian President Vladimir Putin at a press conference with his Serbian colleague, Aleksandar Vucic. Putin added that Turkish President Recep Tayyip Erdogan has supported the idea to extend the pipeline to Europe.
Earlier, in an interview with …
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Ahead of negotiations on Turkish Stream Greece asks Russia for money
The Prime Minister of Greece, Alexis Tsipras stated in an interview with TASS news agency that Greece hopes that Russia will make strategic investments in its economy, including infrastructure, ports and energy.
According to him, he plans to request these large investments during an official visit with Russian President Vladimir Putin in Moscow, on December 7th.
The Greek economy, with a debt exceeding 150% of the GDP “has good opportunities of a strategic nature,” stressed Tsipras.
Tsipras …
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Europe and Israel agree on alternative to Turkish Stream pipeline
Gazprom’s prospective southern gas corridor to the EU, initially called South Stream but later renamed to Turkish Stream, now has a major competitor.
Israel, Italy, Greece and Cyprus have reached an agreement to build the East Med gas pipeline, which will transport gas from the Leviathan gas field, the largest gas field discovered in the 21st century, with an estimated 3.5 trillion cubic meters of reserves.
According to The Times of Israel, EU experts have given the go ahead to the project, …
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Media: Gas supplies via Turkish Stream will go through Hungary and Slovakia bypassing Ukraine
The Russian gas monopoly Gazprom chose its gas supplies’ route to Europe along the second Turkish Stream line. It will go through Bulgaria, Serbia, Hungary and Slovakia, reported the Russian newspaper Kommersant citing materials published by the countries’ gas transmission operators.
These materials were published in October-November as part of the procedure for booking future capacity (open season) which is stipulated by the legislation of the European Union (NC CAM) and is necessary for the …
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Russia considers running Turkish Stream Gas pipeline through Bulgaria
Following talks with Bulgarian Prime Minister Boyko Borisov, Russian President Vladimir Putin said that Gazprom was "working out in practical terms" the construction of a second gas line stretching from Turkey to Bulgaria for Turkish Stream, which is intended for the transit of Russian gas through Turkey to the countries of the Southeast Europe, reported the newspaper Kommersant.
Initially, Gazprom was considering two routes – one through Greece to southern Italy (nicknamed the Poseidon …