×
×
Project Insights

Turkish Stream saga continues as Gazprom halves capacity

Gazprom’s apparent decision to halve capacity of the proposed Turkish Stream pipeline project reflects deepening political differences between Russia and Turkey Gazprom’s apparent decision to halve capacity of the proposed Turkish Stream pipeline project reflects deepening political differences between Russia and Turkey.
By Alexey Novikov and Joshua Posaner 8 October 2015 Europe & Russia / Pipelines, Storage & Power 0 17820
Turkish Stream is facing competition from two new Nord Stream pipelines proposed earlier this year. (Gazprom)

Gazprom has indicated that it will reduce the planned capacity of its Turkish Stream pipeline project to just 32 billion cubic metres per year from the originally planned 63 bcm/y, as broader political differences between Moscow and Ankara appear.

"Now we can speak about the capacity of Turkish Stream – it could be up to 32 bcm/y of gas. In view of the decisions that we have made in the north, this is a realistic negotiating position on which we will work as soon as possible,"...