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Russia's Gazprom: Sea Portion of TurkStream First Line Completed


Hunter Carey of the U.S. trains for the freestyle skiing competition at the 2020 Winter Youth Olympics in Leysin Park, Leysin, Switzerland.
Hunter Carey of the U.S. trains for the freestyle skiing competition at the 2020 Winter Youth Olympics in Leysin Park, Leysin, Switzerland.

Russia's Gazprom said on Monday 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 this month 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.

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    Reuters

    Reuters is a news agency founded in 1851 and owned by the Thomson Reuters Corporation based in Toronto, Canada. One of the world's largest wire services, it provides financial news as well as international coverage in over 16 languages to more than 1000 newspapers and 750 broadcasters around the globe.

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