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Turkish Stream and South Stream projects costs are comparable

April 13, 2015, 13:32 UTC+3 BERLIN
The Turkish Stream is a more practical project against the concept of the South Stream project from an economic point of view
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© AP Photo/Mikhail Metzel

BERLIN, April 13. /TASS/. Cost of the Turkish Stream project is comparable to the cost of South Stream project, Vice-President of the International Association for Energy Economics Gurkan Kumbaroglu said Monday at the Valdai Club conference on European energy security.

"We have not yet finished all the calculations. The pipeline length remained unchanged [compared to South Stream project - TASS]. I think the cost is comparable to the cost of the South Stream project," he said.

According to Kumbaroglu, from an economic point of view, the Turkish Stream is a more practical project against the concept of the South Stream project. "Turkish Stream is beneficial for all parties - the EU, Turkey, and Russia," Kumbaroglu concluded.

As was previously reported, the cost of the South Stream project was estimated at 15.5 bln euros. At the same time Gazprom stated that a part of the project’s infrastructure could be used for Turkish stream.

Infographics Russia's gas pipelines to Europe by 2018 Russia's gas pipelines to Europe by 2018

Russia's gas giant Gazprom intends to completely abandon gas supplies to Europe through Ukraine after 2018 with the help of a new pipeline to Turkey. Infographics by TASS

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