Turkstream

Elena Burmistrova, chief executive of Russia’s Gazprom Export Company, said the energy giant and its Turkish partners were discussing how to use the TurkStream pipeline to supply gas to the European market.

“We are discussing this now with our Turkish counterparts,” she said in a joint press conference with several investment banks, in response to a question about how to use the TurkStream pipeline to supply gas to Europe.

Earlier, Burmistrova said that Gazprom could transport some TurkStream gases to Europe, provided that the demand for gas in Turkey continues to decline.

According to the report, gas purchases in Turkey have decreased significantly since 2019 for domestic reasons, including an increase in the supply of LNG.

Burmistrova also confirmed that despite this, the outlook for gas consumption in Turkey is optimistic.

2017 was the best year for Gazprom in Turkey, when the Russian company exported about 29 billion cubic meters of natural gas to the country, which was the second largest market after Germany.

Gas exports through the TurkStream pipeline began on January 1, 2020.

The presidents of Russia and Turkey held the official opening ceremony of the TurkStream pipeline on January 8 in Istanbul.

The gas transportation capacity of this pipeline of 930 km is 31.5 billion cubic meters of gas annually.

The first line, with a capacity of 15.75 billion cubic meters of gas, is intended for consumers in Turkey, and the other line is for southern and southeast European countries.