BAKU, Azerbaijan, Jan. 13
By Anastasia Savchenko - Trend:
Turkish Stream project will become a cost-effective project both for Russia and Turkey, and will also allow Ankara to diversify its gas supply structures, Dmitry Alexandrov, the chief strategist of the Russian UNIVER Capital company, told Trend.
According to Alexandrov, under this project, Russia receives an additional source of income from the sale of gas and a new route to Europe, while Turkey, in turn, diversifies its fuel supplies.
"Earlier, as part of a package energy deal with Russia, Turkey received the role of a major gas hub within the framework of the Turkish Stream, as well as a discount on fuel for the BOTASH state-owned company," the expert said.
Dmitry Alexandrov noted that after the launch of the gas pipeline, the Balkan states will also benefit from receiving cheaper fuel and obtaining the opportunity to reduce coal consumption.
"The pipeline also runs through Bulgaria, Serbia, Hungary, Slovakia and Austria - all of these countries benefit from gas transit," the expert added.
Construction work on the Turkish Stream project began in 2017. The Turkish Stream runs along the bottom of the Black Sea to the European part of Turkey and further to the border with Greece.
The first branch of the pipeline is intended for supplying the Turkish market, the second - for deliveries to the countries of Southern and Southeast Europe. The throughput of each branch is about 15.8 billion cubic meters.
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