By Kamila Aliyeva
Russia’s energy giant Gazprom increased the supply of gas to Turkey by 21.7 percent up to 24.8 billion cubic meters compared to the same period last year.
This was stated by Gazprom CEO Alexei Miller following the meeting of Russian President Vladimir Putin and his Turkish counterpart Recep Tayyip Erdogan, TASS reported.
“Demand for Russian gas in Turkey is very high. According to preliminary data, from January 1 to November 13, Gazprom supplied 24.8 billion cubic meters of gas to the republic – a 21.7 percent or a 4.4 billion cubic meters increase compared to the same period of 2016. We exported exactly the same amount of gas - 24.8 billion cubic meters - to Turkey for the whole last year, but now - in less than 10.5 months. This is a very good result and one more graphic confirmation of the demand for the Turkish Stream gas pipeline, the construction of which is in full swing,” he said.
The leaders of two countries met on November 13 for the seventh time during this year to discuss economic relations between Turkey and Russia, as well as regional and international developments. The sides agreed to further deepen cooperation in various areas, including tourism, economy and energy.
Energy cooperation has always been of strategic importance for both countries, as Turkey with its growing demand and Russia with its vast energy resources complement each other well. In this regard, the Turkish Stream gas pipeline from Russia to Turkey and the Akkuyu nuclear power plant (NPP) being built in Turkey with Russian collaboration are expected to benefit both countries’ energy sector.
The Turkish Stream envisages the construction of a gas pipeline along the seabed of the Black Sea to Turkey’s European part and further on to the border with Greece. Russia and Turkey signed an intergovernmental agreement on the implementation of the Turkish Stream project in October 2016.
The first stretch will be intended for the Turkish market and the second will supply natural gas to countries of South and Southeast Europe. Each stretch will have a capacity of 15.75 billion cubic meters of natural gas annually. The pipeline is expected to annually pump 31.5 billion cubic meters of natural gas.
Gazprom launched the construction of the Turkish Stream gas pipeline’s offshore section near the Russian coast of the Black Sea on May 7. The company has already built around 300 kilometers of the Black Sea segment of the TurkStream gas pipeline. The first line is scheduled for completion in March 2018 and the second in 2019.
Turkey is the second largest market for Gazprom as it imports about 60 percent of its gas from Russia.
Kamila Aliyeva is AzerNews’ staff journalist, follow her on Twitter: @Kami_Aliyeva
Follow us on Twitter @AzerNewsAz