Gas Market News

4 May 2017

Gazprom is ready to begin the laying of the TurkStream gas pipeline

Gazprom is ready to begin the laying the offshore section of the TurkStream gas pipeline in the next few days, said the head of the company Alexey Miller at the meeting with President of Russia Vladimir Putin.

„We have already fully completed the preparatory and mobilization works, and I now can inform that we are ready to start laying the offshore section of the TurkStream pipeline within the next few days”, said Alexey Miller.

The head of Gazprom also said that Gazprom’s supplies to the European market keep growing and have increased by 15 percent since the beginning of 2017 compared to the same period last year. In absolute terms, this corresponds to additional 8.6 billion cubic metres. Such an increase in demand supports our plans to carry out new big gas transportation projects, in particular, the TurkStream, Alexey Miller stressed.

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