Russian energy firm Gazprom has announced it will independently construct the offshore section of the Turkish Stream gas pipeline under the Black Sea.
The statement came after a meeting between Gazprom CEO Alexey Miller and Turkish Energy and Natural Resources Minister Taner Yildiz considering the preliminary feasibility study of the pipeline and approving its new route.
Gazprom will submit a notice requesting a conduct of front end engineering and design (FEED) operations for the offshore section.
In December 2014, Gazprom signed a memorandum of understanding with Turkey’s Botas Petroleum Pipeline for the construction of the Turkish Stream gas pipeline.
Miller said: "The joint construction of the gas transportation facilities within such an important project would create the strategic infrastructure partnership between Gazprom and Botas.
"Our priorities: to study the route’s options in Turkey, to define the location of the landfall facilities, gas delivery points for Turkish consumers and border crossings between Turkey and Greece."
An intergovernmental agreement on the gas pipeline will be signed in the second quarter of this year with the first gas expected to be delivered to Turkey in December 2016.
The first string’s throughput capacity of 15.75 billion cubic metres will be set aside for Turkish consumers.
Gazprom said Turkey is its second largest sales market after Germany. The company supplied Turkey with 27.4 billion cubic metres of natural gas in 2014.
Turkey currently receives Russian natural gas through the Blue Stream and Trans-Balkan gas pipelines.