TURKSTREAM'S PROGRESS

GAZPROM- The Gazprom Management Committee reviewed the current status of the TurkStream project.

It was noted that the project was going according to schedule. Specifically, the deep-water pipelaying for the offshore part of the gas pipeline's first string had been completed in the Black Sea along with the construction of the second string in Russia's exclusive economic zone. On June 26, 2018, the Pioneering Spirit vessel had started to lay the second string in the Turkish exclusive economic zone. As of today, over 1,520 kilometers of the two strings are ready, which translates into about 81 per cent of the overall length of TurkStream's offshore section.

Particular attention at the meeting was paid to the efforts being taken on the coasts of Russia and Turkey. It was highlighted that the landfall near the Russian town of Anapa had been completed and the continuing start-up and commissioning operations would be finished in 2018 together with landscaping. In addition, a receiving terminal is being constructed in the coastal area near the Turkish settlement of Kiyikoy.

The modalities and parameters are now established for the construction of the onshore section of TurkStream's transit string in Turkish territory for the purposes of supplying Russian gas to European consumers. The Agreement to that effect was signed by Gazprom and Turkey's BOTAS in May this year.

The Management Committee was instructed to continue working toward the implementation of the TurkStream project until its commissioning at the end of 2019 as planned.

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Background

TurkStream is the project for a gas pipeline stretching across the Black Sea from Russia to Turkey and further to Turkey's border with neighboring countries. The first string of TurkStream is intended for Turkish consumers, while the second string will deliver gas to southern and southeastern Europe. Each string will have the throughput capacity of 15.75 billion cubic meters of gas per year. South Stream Transport B.V. is responsible for the construction of the gas pipeline's offshore section.

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