24 June 2017

The Laying of the TurkStream Deep-Water Section Started

The docking of the shallow and deep-water parts of the TurkStream gas pipeline by the Pioneering Spirit Pipeline Layer took place on June 23, 2017 at the Russian Black Sea coast in the presence of the President Vladimir Putin. The docking marks the completion of the shallow-water part of the project and the beginning of works in the deepwater part of the Black Sea.

Gazprom CEO Alexey Miller reported the pipeline parameters and environmental monitoring details to the Russian president, who arrived aboard the pipe-laying vessel. According to Alexey Miller, the construction of the first string of the TurkStream gas pipeline will be completed in March 2018, and the commissioning of both lines is scheduled for 2019.

According to him, TurkStream is already in high demand: “If we talk about the Turkish market, we can see that demand for Russian gas is increasing, even now our deliveries account for 53% of Turkey’s domestic market. Since the beginning of 2017, the growth of supplies compared to the same period of 2016 already amounts to 2 billion 630 million,” said Alexey Miller. — “For Turkey natural gas is the key energy source accounting for 38 per cent in the country’s power generation and used for heating and cooking in over of 12 million households. TurkStream will substantially contribute to energy security of the region”.

Gazprom CEO also noted the growth of energy consumption in the countries of South and South-Eastern Europe. The declining indigenous gas production and the necessity to reduce coal’s share in electricity generation create the potential for sustainable growth in natural gas demand in that part of Europe. From early 2017 to mid-June, compared with the same period last year, the growth of gas supplies to Europe amounted to an additional 10.5 bcm of gas.

Related sections:
TurkStream, Turkey

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