Russia’s Gazprom said on April 26 it had completed the sea portion of the first line of the TurkStream offshore gas pipeline across the Black Sea.
Gazprom, which plans to complete the pipeline in 2019, said in a statement that 1,161 km of pipe had been laid since it began construction last year.
The second line, designed to ship gas to south European countries such as Greece, Bulgaria and Italy, will be laid in the third-quarter of 2018, the company said.
Russian Energy Minister Alexander Novak said in April that Turkey’s approval for Gazprom’s onshore portion of the TurkStream pipeline’s second line was still pending.
Moscow, which relies on oil and gas revenue, sees new pipelines to Turkey and Germany—TurkStream and Nord Stream 2—as crucial to increasing its market share in Europe.
Recommended Reading
Venture Global, Grain LNG Ink Deal to Provide LNG to UK
2024-02-05 - Under the agreement, Venture Global will have the ability to access 3 million tonnes per annum of LNG storage and regasification capacity at the Isle of Grain LNG terminal.
DUG GAS+: Chesapeake in Drill-but-don’t-turn-on Mode
2024-03-28 - COO Josh Viets said Chesapeake is cutting costs and ready to take advantage once gas prices rebound.
Total CEO: US LNG Shaky, Global Projects Brought into Spotlight
2024-02-21 - U.S. President Joe Biden’s decision to pause approvals for new U.S. LNG projects benefits similar projects around the world and casts doubt around U.S. supply, TotalEnergies’ Pouyanné told analysts during the company’s quarterly webcast.
ARC Resources Adds Ex-Chevron Gas Chief to Board, Tallies Divestments
2024-02-11 - Montney Shale producer ARC Resources aims to sign up to 25% of its 1.38 Bcf/d of gas output to long-term LNG contracts for higher-priced sales overseas.
ConocoPhillips CEO Ryan Lance Calls LNG Pause ‘Shortsighted’
2024-02-14 - ConocoPhillips chairman and CEO Ryan Lance called U.S. President Joe Biden’s recent decision to pause new applications for the export of American LNG “shortsighted in the short-term.”