TurkStream Terminal Nears Completion
Gazprom’s Turkish Stream (TurkStream), the natural gas pipeline running from the Russian Federation to Turkey, has been 95% completed."Construction progress of the receiving terminal for the TurkStream Offshore Gas Pipeline has reached 95%. All works are in line with the schedule. First gas is expected to flow by the end of 2019," said a press note from TurkStream said.Direct and indirect employment related to the construction activities is currently over 1,700. Approximately 100 of the workers have been recruited locally.The TurkStream receiving terminal is realized near the town of Kiyikoy in the Turkish Thrace region.
U.S. Calls on Hungary and Neighbors to Shun Russian Gas Pipelines
U.S. Energy Secretary Rick Perry called on Hungary and its neighbours to reject Russian gas pipelines which Washington says are being used to cement Moscow's grip on central and eastern Europe.Energy diversification would be crucial for the region, as Russia has used energy as a weapon in the past, he said."Russia is using a pipeline project Nord stream 2 and a multi-line Turkish stream to try to solidify its control over the security and the stability of Central and eastern Europe," Perry added during a visit to Budapest.Hungarian Foreign Minister Peter Szijjarto said Turkish stream…
Gazprom Expects No Changes to Key Projects from New US Sanctions
Gazprom said on Monday that new U.S. sanctions against Moscow would not result in the Russian gas exporter having to make changes to key projects, although they could cause delays. Several provisions of the sanctions law signed by U.S. President Donald Trump earlier this month target Russia's energy sector, which produces much of its foreign income, with new limits on U.S. investment in Russian companies. Last month Gazprom said the sanctions might delay some giant gas projects, including Nord Stream 2, Turkish Stream gas pipelines and deepwater, Arctic offshore or shale projects.
Hungary Joins Gazprom Pipeline, as Trump Touts US LNG
Hungary signed a deal with Russia's Gazprom to link the country with the Turkish Stream pipeline by end-2019 on Wednesday, a day ahead of President Donald Trump's trip to Poland, where he is expected to promote U.S. LNG exports. "This will improve Hungary's energy security a great deal, so it is in our strategic interest for this cooperation to start," state news agency MTI quoted Foreign Minister Peter Szijjarto as saying. Natural gas supplies to eastern Europe have been a major area of competition between incumbent pipeline power Russia and the United States…
Gazprom Produced over 419 bcm in 2016
Russia's Gazprom has produced over 419 billion cubic metres of natural gas in 2016, Chief Executive Alexei Miller said in a statement on Thursday. Miller also said that Gazprom plans to start laying pipes under the Black Sea for the Turkish Stream pipeline in the second half of 2017. (Reporting by Katya Golubkova; editing by Andrey Ostroukh)
Gazprom: Work on Underwater Section of Turkstream to Begin in H2 2017
Work on the underwater section of the Turkish Stream pipeline will get underway in the second half of next year, Alexei Miller, chief executive of Russian gas giant Gazprom, told journalists on Tuesday. Miller also said that both lines of the underwater section, one that will ship gas to the Turkish market and a second with gas destined eventually for Europe, will come on stream by the end of 2019. Where that gas from the second line will come ashore in Europe has yet to be finally determined. Gazprom, Italian energy firm…
Russia's Gazprom Receives First Regulatory Approvals for TurkStream
Russia's major gas producer Gazprom has received first regulatory approvals from Turkey for the Turkish Stream pipeline project, the company said in a statement on Wednesday. "This step by the Turkish side... allows the project to move into implementation phase," Gazprom's CEO Alexei Miller was quoted in the statement as saying. (Reporting by Lidia Kelly)
Gazprom: No Progress in Talks on TurkStream Project
Russia's Gazprom said on Wednesday there was no progress in talks over the Turkish Stream gas export pipeline project. A company executive told a conference call the discussions were at the same stage as before they were halted last year after Turkey shot down a Russian air force jet. (Reporting by Olesya Astakhova and Andrey Kuzmin; Writing by Maria Kiselyova)
Gazprom Still Open for Negotiations on Turkish Stream
Russian gas giant Gazprom said on Monday it was still open to negotiations on the suspended TurkStream pipeline project, Russian news agencies reported. "Gazprom is open to dialogue on Turkish Stream and always has been," TASS news agency quoted Gazprom spokesman Sergei Kupriyanov as saying. Turkish President Tayyip Erdogan has apologised to Russian leader Vladimir Putin over last year's shooting down of a Russian air force jet by Turkey's military, the Kremlin said on Monday, opening the way for Russia to lift economic sanctions. (Reporting by Jack Stubbs; Editing by Susan Fenton)
Russia Stuck with Abandoned Gas Pipes Worth Billions
Gas pipes worth 1.8 billion euros ($1.95 billion) are to be left stranded on the shores of the Black Sea after Russia's decision to suspend work on the Turkish Stream pipeline, a potent symbol of Moscow's falling out with Ankara. Russia has set out to punish Turkey after it shot down a Russian warplane in Syria last week, imposing trade sanctions and releasing data it claims proves Turkish President Tayyip Erdogan is involved in illegal oil deals with Islamic State. Russian Energy Minister Alexander Novak told reporters on Thursday work on Turkish Stream…
Eni Looking to Exit Gas Contracts with Russia, Algeria, Norway
Eni will do all it can to get out of the long-term gas contracts it has with Russia, Algeria and Norway, the Italian oil major's CEO said on Thursday. "They bleed hundreds of millions of euros," Claudio Descalzi said on the sidelines of a conference. Descalzi also said that following the dispute between Turkey and Russia, plans to build the so-called Turkish Stream gas pipeline were dead in the water. Russian Energy Minister Alexander Novak said earlier on Thursday that Russia has suspended preparatory work on the Turk Stream pipeline project. (Reporting by Alberto Sisto)
Bypassing Ukraine Will be Costly for Gazprom
Russia's plans to drop Ukraine as a route for pumping natural gas to Europe will still leave state-run Gazprom facing about $1 billion in annual transit fees to Slovakia and Bulgaria for years to come, analysts and industry sources say. Russia wants to circumnavigate Ukraine to pipe its gas to Europe because of pricing disagreements, which at times have led to disruptions in supplies to the European Union, but doing so will come at a cost which some analysts say is too high. Billions of euros will be needed to build and expand alternative routes…
Gazprom Delays Link to Turkish Gas Line
Gazprom has told pipeline makers to suspend deliveries of pipes for expanding Russia's network to be connected to the proposed Turkish Stream project, an industry source said on Monday. The delay is another snag in Moscow's plans to build a gas pipeline via the Black Sea to Turkey, and on to south Europe in order to bypass Ukraine. "We've got a note (from Gazprom) to suspend deliveries," the source in the pipeline making industry told Reuters. Russia's RBC daily reported on Monday that Gazprom had postponed the network expansion, citing an internal letter.
Turkey Sees Gas Price Deal with Gazprom in Two Weeks
Turkey and Russia's Gazprom are likely to finalise a deal on natural gas prices by mid-July, Turkish officials told Reuters, after Ankara warned last week it could seek international arbitration if they failed to agree. Russia, which supplies more than half the gas consumed by Turkey annually, has already agreed to cut prices by 10.25 percent, but Gazprom's additional demands regarding the Turkish Stream natural gas project are delaying the final signature, a Turkish energy official said. Last week, Turkey said it had the right to take Gazprom to international arbitration if there we no agreement by June 29.
Russia Softens Gas Rhetoric Ahead of Ukraine Talks
Russia, Ukraine, EC meet in Vienna on June 30; Russia offers Kiev $40 discount. Russia proposes keeping the gas price for Ukraine unchanged in the third quarter, Prime Minister Dmitry Medvedev said on Monday, a day before Russia's energy minister goes to Vienna for gas talks. "Despite all the difficulties in our current relations with Ukraine, we should within reason make concessions," Medvedev told Energy Minister Alexander Novak and Gazprom Chief Executive Alexei Miller. Gazprom had said Ukraine would be charged $287 per 1,000 cubic metres with no discount in the third quarter.
Permit Issued on Surveys for Turkish Gas Stream
Turkey has issued a permit on engineering surveys for the offshore section of Turkish Stream. The document stipulates that investigations will be carried out within the exclusive economic zone and territorial waters of Turkey in order to place the first offshore string of the gas pipeline. The offshore section of Turkish Stream will consist of four strings, each with a throughput capacity of 15.75 billion cubic meters. The gas pipeline will stretch for 660 kilometers within the existing corridor of South Stream and for 250 kilometers within a new corridor towards the European part of Turkey.
Turkey Grants Permission for Turkish-Stream Offshore Research
Turkey has granted permission for offshore research relating to the planned Turkish Stream gas pipeline, Russia's Gazprom said on Monday. "Turkey has granted permission for an engineering survey of the offshore section of Turkish Stream," Gazprom said in a statement. Gazprom plans to build the pipeline to Turkey to provide gas to Europe without going through Ukraine, but it has no firm agreement with Ankara and faces opposition from the European Union. (Reporting by Jack Stubbs and Polina Devitt)
Gazprom, E.ON, Shell, OMV to Expand Baltic Gasline
Russian gas giant Gazprom has agreed to build a new pipeline to Germany under the Baltic Sea with some of its biggest gas buyers: Anglo-Dutch Shell, Germany's E.ON and Austria's OMV. The move comes as the Russian gas company, under U.S. sanctions, is trying to find new ways to deliver gas to Europe bypassing conflict-stricken Ukraine. "Since the commissioning of Nord Stream pipeline, Gazprom has been investigating potential extension of this export route. Now we are going to proceed with the implementation of this project together with our partners," Gazprom CEO Alexei Miller said in a statement.
Greece, Bulgaria Finalizing IGB Gas Pipeline Deal
Greece and Bulgaria will seal a deal in the coming weeks to build a gas pipeline connecting the two countries, part of the Southern Corridor infrastructure scheme to bring Caspian gas to Europe, two Greek energy ministry officials said on Friday. The Interconnector Greece Bulgaria (IGB) project is estimated to cost about 100 million euros ($112 million) and the European Union has approved about 45 million euros in funding to build the pipeline, a senior energy ministry official said. The 180 km (110 mile) pipeline will have a capacity of 3 billion cubic metres (bcm).
Gazprom: No Gas Exports via Ukraine after 2019
Russia's Gazprom has reaffirmed plans to cut off gas transiting Ukraine to western Europe in 2019 and urged the European Union to speed up a decision on Russian gas delivery routes to ensure it receives supplies after that time. Moscow wants to bypass Ukraine in its shipments of gas to Europe due to a succession of pricing rows. Tensions between Moscow and Kiev are also high due to fighting in east Ukraine, where pro-Russian rebels are fighting Kiev forces. Gazprom plans switching flows to Turkey by laying pipes beneath the Black Sea, a project known as Turk Stream in Europe and Turkish Stream in Russia.
