Today marks the first anniversary of the official launch ceremony of the TurkStream Offshore Gas Pipeline by Russian President Vladimir Putin and Turkish President Recep Tayyip Erdogan officially launched TurkStream in Istanbul.
Alexey Miller, Chairman of the Gazprom Management Committee said in a statement made for this occasion: “Today marks exactly one year since the opening ceremony of the TurkStream Offshore Gas Pipeline. TurkStream reliably transports Russian gas across the Black Sea to consumers in Turkey and already six European countries: Bulgaria, Greece, North Macedonia, Romania, Serbia, Bosnia and Herzegovina. Since the start of operation, Gazprom has increased the throughput of the pipeline by 2.2 times, while the volumes destined for European consumers has grown 2.5 times. Turkey, Greece and North Macedonia increased their gas purchases from Gazprom in 2020.”
TurkStream pipeline was announced during a visit by Russian President Putin to Ankara on 1 December 2014 and the construction of the project started following the signing of the Intergovernmental Agreement between Turkey and Russia on 10 October 2016. The pipeline consists of two parallel lines and has a total capacity of 31.5 bcm.