Tiny Url
http://tinyurl.com/y7mew7va
Dec 07 2018

Greece wants extension of TurkStream over Greek territory - TASS

Greek Prime Minister Alexis Tsipras said his country was in talks with the European Union regarding the extension of the TurkStream natural gas pipeline over Greek territory to other EU countries. 

The TurkStream pipeline, when completed, will consist of two lines with the capacity to transport 31.5 billion cubic metres of gas from Russia. The first line will carry 15.75 billion cubic metres of gas to Turkey while the second line will transfer Russian gas to Europe through Turkey.

The pipeline, which is expected to be operational by the end of 2019, can reach Europe either via Bulgaria and Serbia or through Greece and Italy.

Tsipras said told Russia’s state news agency TASS on Thursday that Athens and other European countries were convinced that the EU should cooperate with the Russian Federation on the TurkStream pipeline, TASS reported. The Greek prime minister also proposed the name of the pipeline be changed to ”EuroStream".

”We are negotiating in the European Union. I believe that our arguments are strong. We have persistence and patience, and I believe that possibly we will have positive results in the future,” TASS quoted Tsipras as saying. 

The Russian and Turkish presidents inaugurated the underwater section of the pipeline in November.

Bulgaria also announced last month plans for a new gas pipeline that can be connected to TurkStream to transport Russian gas to Europe, Reuters reported. Bulgaria’s state gas company Bulgartransgaz plans to build a new 484-km gas pipeline from its border with Turkey to Serbia by 2020. 

Brussels is concerned that Bulgaria may opt to simply send Russian gas onto Europe to earn transit fees rather than allowing it to be traded at its planned Balkan Gas Hub, cementing its almost complete dependence on Russian Gazprom, Reuters said.