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Gazproms exports to Turkey up by 18.8% in 2017

December 18, 2017/ 08:02

Moscow. Russia’s gas giant Gazprom said on Sunday is had exported a record-breaking volume of gas to Turkey in a period from January 1 to December 15, 2017, having increased supplies by 18.8% on the same period last year, to 27.6 billion cubic meters.

"In the eleven and a half months of 2017, Gazprom exported 27.6 billion cubic meters of gas to Turkey, its second largest foreign market. The 2014 gas exports record of 27.3 billion cubic meter has been broken," the company said in a press release.

Apart from that, gas exports to other countries that are to be covered by the Turkish Stream gas pipeline, which is now under construction, also increased, including by 10.1% to Greece, by 5.7% - to Bulgaria, by 22% - to Hungary, and by 23.5% - to Serbia.

Gazprom kicked off the construction of the pipeline’s seabed section off the Russian Black Sea shore on May 7, TASS reports.

The Turkish Stream project envisages the construction of a gas pipeline across the Black Sea to Turkey’s European part and further on to the border with Greece. The seabed section is to be 910 kilometers long and the land section will run 180 kilometers into Turkey.

The intergovernmental agreement on the Turkish Stream project was signed by Russia and Turkey on October 10, 2016. The first thread is meant for gas supplies to the Turkish market. The second one will be used to supply gas to Southern and Southeastern Europe. Each thread will have a capacity of 15.75 billion cubic meters of gas a year. The overall cost of the project was estimated as 11.4 billion euro.

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