Capital/Financing Update • Jun 23, 2015
Capital/Financing Update
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National Storage Mechanism | Additional information
RNS Number : 9361Q
OAO Gazprom
23 June 2015
RELEASE
22.06.2015
Turkey issues survey permit for Turkish Stream
Turkey has issued a permit for engineering surveys on the offshore section of Turkish Stream. The document stipulates investigations to be carried out on the first offshore string of the pipeline within the exclusive economic zone and territorial waters of Turkey.
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 corridor of the planned South Stream and for 250 kilometers within a new corridor towards the European part of Turkey. The first string of the pipeline is expected to deliver its full volume to meet the growing demands of the Turkish market.
The Turkish party has also confirmed that the EIA findings obtained for the Turkish offshore segment of the South Stream gas pipeline may be used for the construction of the new gas trunkline.
Background
On December 1, 2014 Gazprom and Turkish company Botas signed the Memorandum of Understanding on constructing the Turkish Stream gas pipeline with an annual capacity of 63 billion cubic meters from Russia towards Turkey across the Black Sea.
Information Directorate, OAO Gazprom
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This information is provided by RNS
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