Gazprom plans to raise a question of attracting project financing for the “Turkish Stream”, as soon as the works upon the project are launched, Gazprom representative, Anatoliy Fayantsev, said on Wednesday.
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He added that the Ministry has already sent the project’s plan for construction of the gas pipeline to Turkey and it was confirmed during the negotiations that the Turkish partners are interested in cooperation on the project.
Umit Yardin, Turkish ambassador to Russian Federation, recently said that Moscow and Ankara are now discussing the issue of possible markets for the sale of gas, which will be delivered by the Turkish Stream project. The 1,100-kilometer Turkish Stream pipeline is to deliver natural gas from Russia’s Black Sea coast to Turkey, before continuing on to Greece. “It is planned that natural gas will be carried to southeast Europe via the second pipeline”, Novak said.
Secondly, the Russian expert noted that TANAP has to compete with Russian gas supplies to a certain extent, and Cavusoglu’s proposal, if it is accepted, will change many things.
He went on to add that the political component and the state of the global economy must also be taken into consideration in the issue of connection of the Turkish Stream and TANAP pipelines. In December 2014, Russian Federation scrapped the South Stream pipeline project that would have transported natural gas to Europe via Bulgaria and brought forward the proposed four-line and 63 billion-cubic-meter project that will bypass Ukraine and stretch to the Turkish-Greek border through the Black Sea.
However, the project was frozen after the relations between Moscow and Ankara deteriorated in November 2015.
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President of Turkey Recep Tayyip Erdogan announced agreements reached with Russian Federation on equal financing of the Turkish Stream natural gas pipeline, Haberturk television reported on August 11.
