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Turkish Stream gas pipeline

Italian companies show interest in Nord Stream 2, Turkish Stream — official

Saipem is participating in relevant procedures implemented by Gazprom for Nord Stream and Turkish Stream

© EPA/STEFAN SAUER

MOSCOW, October 5. /TASS/. Italian companies show interest in participation in Nord Stream 2 and Turkish Stream gas pipeline projects, Russia’s Deputy Prime Minister Arkady Dvorkovich said on Wednesday.

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"Yes, Italian partners have interest. There is no secret, Saipem [subsidiary of Italia’s Eni - TASS] is participating in relevant procedures implemented by Gazprom for Nord Stream and Turkish Stream," the official said.

The Turkish Stream pipeline was announced by the Russian authorities in December 2014 as a replacement for the South Stream pipeline. It was planned that the marine section of Turkish Stream would comprise four lines with the capacity of 15.75 bln cubic meters each. The pipeline is to run 660 km in the old South Stream corridor and 250 km in the new corridor in the direction of the European part of Turkey. The project’s total cost was estimated at 11.4 bln euro, with the cost of the first line amounting to 4.3 bln euro.

The Nord Stream-2 project includes the construction of two lines of the offshore gas pipeline with a total capacity of 55 bln cubic meters of gas a year from Russia to Germany under the Baltic Sea, in addition to the existing two lines. The project is scheduled for completion by 2019 year-end. Capital expenditures under the project are estimated as €8 bln. The total price with project financing is estimated at €9.9 bln.

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Oil & Gas Nord Stream Turkish Stream

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