Customs Today
  • Home
  • Islamabad
  • Karachi
  • Lahore
  • National
  • Transfers and Postings
  • Chambers & Associations
  • Business
No Result
View All Result
Customs Today
  • Home
  • Islamabad
  • Karachi
  • Lahore
  • National
  • Transfers and Postings
  • Chambers & Associations
  • Business
No Result
View All Result
Customs Today
No Result
View All Result
Home International Customs

Russia’s Gazprom starts building TurkStream gas pipeline under Black Sea

byCT Report
08/05/2017
in International Customs
Share on FacebookShare on Twitter

MOSCOW: Russia’s Gazprom has begun construction on the TurkStream gas pipeline under the Black Sea to Turkey. Feeder lines are planned to also supply EU markets. Russian gas giant Gazprom said Sunday it had started construction of a gas pipeline under the Black Sea to Turkey that also aims to provide gas to the European Union. Gazprom said its Swiss partner Allseas Group’s vessel Audacia had started laying pipes on the Russian shore of the Black Sea. “By late 2019, our Turkish and European consumers will have a new, reliable source of Russian gas imports,” Alexey Miller, Chairman of the Gazprom Management Committee, said in a statement.

Russian President Vladimir Putin put forward the TurkStream project in 2014 after plans to build a gas pipeline under the Black Sea to Bulgaria, known as South Stream, collapsed under EU pressure during the Ukraine crisis. The project was later put on ice after Turkey shot down a Russian jet along the Syrian border, triggering a diplomatic crisis between the two countries. The plan was revived after the two sides reconciled their some of their differences in October last year.

You might also like

lamic banking assets reach Rs14.47 trillion, sector share rises to 23%

07/03/2026

Shippers see temporary lull in exports

05/02/2020

TurkStream will run from near Anapa in southern Russia under the Black Sea to northwestern Turkey. A planned feeder line to Greece would then bring gas onwards to southern and southeastern Europe.  Two lines each with an annual capacity of 15.75 billion cubic meters (1.1 trillion cubic feet) will be built. For Russia, which is already Turkey’s largest gas provider, the pipeline would allow it to reduce dependence on Ukraine and Eastern Europe for transporting gas while helping to further seal its dominance over European gas markets. Turkey aims to become a regional oil and gas hub for energy from the Caucasus, Central Asia, Middle East and Eastern Mediterranean in order to ensure domestic energy security and cement the country’s geostrategic importance.

Tags: Russia's Gazprom starts building TurkStream gas pipeline under Black Sea

Related Stories

lamic banking assets reach Rs14.47 trillion, sector share rises to 23%

byCT Report
07/03/2026

KARACHI: Pakistan’s Islamic banking sector expanded during 2025, increasing its share in the country’s financial system with assets reaching nearly...

Shippers see temporary lull in exports

byadmin
05/02/2020

Shippers expect the coronavirus outbreak to have the greatest effect on farm product exports, notably fresh fruits and vegetables, with...

Toyota Motor Corp. employees work on the Crown vehicle production line at the company's Motomachi plant in Toyota City, Aichi, Japan, on Thursday, July 26, 2018. Toyota may stop importing some models into the U.S. if President Donald Trump raises vehicle tariffs, while other cars and trucks in showrooms will get more expensive, according to the automaker’s North American chief. Photographer: Shiho Fukada/Bloomberg

Toyota SA to invest over R4 billion in car assembly and parts

byadmin
05/02/2020

Toyota SA Motors (TSAM) has announced a R4.28bn investment in local vehicle assembly and parts supply. Speaking at the company’s...

Over 80 Kilos Cocaine Found On Dutch Plane In Argentina; Three Dutch Arrested

byadmin
05/02/2020

More than 80 kilograms of cocaine was found on a Martinair Cargo plane in Argentina. Seven men, three of whom...

Next Post

Annual exports of fisheries, fish products hit $900m

  • Terms and Conditions
  • Disclaimer

© 2011 Customs Today -World's first newspaper on customs. Customs Today.

No Result
View All Result
  • Transfers and Postings
  • Latest News
  • Karachi
  • Islamabad
  • Lahore
  • National
  • Chambers & Associations
  • Business
  • About Us

© 2011 Customs Today -World's first newspaper on customs. Customs Today.