We Have Enough Funds to Build First Line of Turkish Stream, Says Gazprom

Russia’s Gazprom has enough funds to build the first line of the Turkish Stream project, Chief Financial Officer Andrei Kruglov said during a conference with Gazprom’s officials.

Nonetheless, uncertainties remain over the 15.75 bcm line. Apparently, Gazprom did not yet decide whether to build the pipeline by itself or in cooperation with other companies.  

On Monday, Gazprom confirmed that Turkey issued a permit on engineering surveys for the offshore section of Turkish Stream. 

‘The document stipulates that investigations will be carried out within the exclusive economic zone and territorial waters of Turkey in order to place the first offshore string of the gas pipeline’ reads the note.  

Meanwhile, Russia’s top natural gas producer also said that it considers building several underground gas storage facilities in China.