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Increased Russian gas exports to Europe www.rt.com
The Russian national gas company Gazprom has reported a 3.3 percent increase in sales to Europe in March. There has been a surge in sales to Turkey, Serbia, and Bulgaria.
"In March, Gazprom's deliveries to foreign partners increased by 3.3 percent (496 million cubic meters) compared with March 2016," the company said in a statement.
"The countries that will be able to deliver Russia gas through the Turkish Stream have shown good dynamics of growth in demand. For example, exports to Turkey increased by 51 percent, to Serbia by 37.6 percent and to Bulgaria by 19.4 percent," Gazprom added.
The Turkish Stream pipeline is intended to deliver gas from the Russian Black Sea coast to Turkey and on to Greece. The project was shelved in 2015 after Turkey shot down a Russian warplane in Syria, but the recent rapprochement between Moscow and Ankara has given the pipeline new life.
With a capacity of 32 billion cubic meters (bcm) per year, Turkey would take about 14 bcm, with the rest going to Europe.
Gazprom intends to build the pipeline by 2019. Last week, the Russian company opened a subsidiary in Istanbul, South Stream Transport B.V., to speed up construction.
Published Date:2017-04-04
