Russia and Turkey considering the construction of two strings of the Turkish Stream
Deputy Prime Minister of the Russian Federation Alexander Novichok of the industry, who oversees the fuel and energy complex, commented on the readiness for the embargo and plans to reorient resources to the east within the framework of the Russian Federation.
• Russia is likely to reorient its resources to the east in response to its embargo on Russian energy resources, while simultaneously hoping to maintain its export potential, Deputy Prime Minister Alexander Novak said.
“Today our energy is stable. Yes, there is a force majeure in gas due to sabotage at infrastructure facilities (Nord Streams). We are ready for the situation that will be from December for oil and from February 2023 for oil products. To do this, we are working to reorient our resources to the east. And we expect that the country is one of the main partners in the world,”
• Transneft’s port facilities provide an opportunity to redirect oil flows.
• Security measures have been strengthened for Turkish Stream gas pipeline facilities
• Russia and Turkey are considering the construction of two strings of the Turkish Stream gas pipeline
“In general, we are now talking about the construction of two lines. The second line is for European consumers, consumers of southwestern European countries, which can also be laid along the bottom of the Black Sea and laid through the territory of Turkey.”
Given the possible growth in revenues from transit through Ukraine, the increased Turkish flow is increasing for both Turkey and Russia.
“Certainly, of course, if there is a cost of transit, as our Ukrainian colleagues say above, this will be transferred to the cost of transportation and the final price of gas for Turkish consumers. Therefore, Turkey is interested in other countries entering through transit countries. As part of this, Turkish Stream provides a line, at least for consumers in Turkey. Thread – 15.75 billion cubic meters. m of gas.
• The creation of new gas transmission capacities through Turkey is very promising, as Turkey can be a hub, including for the selection of energy resources in Europe.
“Construction of excess thread. The Turkish partners commented on this proposal and said that they need to study. I think it’s very promising. Because there are no other (transit) countries here, it can be used with Turkey for the supply of energy resources, and Turkey can also be a hub for offering energy-efficient resources in Europe”
• Russia is ready to increase oil supplies to Turkey
“Yes, we are discussing with colleagues (the issue of increasing the share of oil in Turkey). Ready and deliver more. This process is underway. We see the interest of Turkish companies in buying more Russian oil. But this is a commercial issue that is decided between commercial enterprises.”
He noted that at present, a large volume of oil passes through Turkey, both for domestic consumption and for transit.
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