Wednesday, September 7, 2016

“Gazprom” has received the first authorization for “Turkish Stream” – BBC

Turkey issued the first permit for the gas pipeline project “Turkish Stream”. This September 7 said “Gazprom”. The report the company noted that the outcome of the talks, “Gazprom” CEO Alexei Miller with the Turkish Minister of Energy Berat Aybalrakom, held last week, agreement was reached on the speedy completion of all preparatory procedures.

” Getting permits is positive news for the “Gazprom”, – said Miller. – The move of the Turkish side reflects the interest of the Turkish government in the project “Turkish Stream” and indicates the transition to its implementation »

« Turkish stream. “- Gas pipeline project” Gazprom “, which was originally supposed laying four branches with a total capacity of 63 billion cubic meters. m (about 15 billion cu. m was getting Turkey itself, the rest of “Gazprom” planned to deliver to Europe), passing through the Black Sea and then through Turkey to the Turkish-Greek border. They planned to make a gas hub for the distribution of gas among European consumers

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for the first time about the “Turkish stream” Russia said in late 2014, after due to the European Commission claims it has been forced to abandon the pipeline “South stream” (the same power tube that had to be laid across the Black sea to Bulgaria and further).

After the incident with the downed Turkish Russian military aircraft Su-24 in November last year, the Russian-Turkish relations deteriorated and the project “Turkish stream” was threatened.

at the end of June this year Turkey suddenly apologized for the downed Russian bomber and expressed an interest in resolving the situation. As later said Russian Deputy Prime Minister Arkady Dvorkovich, this was the basis for the restoration of relations between the two countries.

The relationship between the two countries once again began to improve, which has contributed to the fact that the first Russia has supported the Turkish President Recep Tayyip Erdogan in the attempted coup on July 16.

Prior to the deterioration of relations Turkey for about a year delayed the issuance of permits.

this was partly due to the fact that Turkish side simply could not sign an agreement on “Turkish stream”. The fact that the agreement is an intergovernmental, and the Turkish government was formed only on the early elections in October last year. Late last week, the head of the Russian Ministry of Energy Alexander Novak said that the intergovernmental agreement on the “Turkish Stream” will be signed within a month or two

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in addition, according to unofficial information, the time Turkey was pulling out of the fact that “Gazprom” has not provided previously announced a discount on gas

«. Problems with the first thread “Turkish stream” no, it is possible to begin construction – said in August last year, Taner Yildiz, who was at that time the post of Minister of energy of Turkey. – I hope that Russia will not delay the signing of an agreement on a discount on gas at the rate of 10,25% ».

According to Yildiz, such a discount would allow Ankara to save annually about $ 1 billion.

However, according to unofficial data, the Turks would not get a discount of 10.25 and 15%, while “Gazprom” agreed in general by only 6%.

currently, the parties are awaiting a decision of the international arbitration of the claim of the Turkish Botas, which the company filed precisely because of the reluctance of “Gazprom” to reduce prices. The representative of the Russian monopoly on Wednesday was unavailable for comment.

It is possible that, after the “Turkish Stream” got off the ground, will be resolved and the issue discount.

However, the main thing for today is that of the pipeline’s capacity. “Gazprom” had previously stated that the cost of four thread “Turkish Stream” will make € 11.4 Bln. But now it is a maximum of two branches. Novak said earlier, the first branch (for Turkish consumers) power 15.75 billion cubic meters. m can be started already in 2019.

«In the current situation, to talk about the construction of the second branch is too early -. says the deputy head of the National Energy Security Fund Alexei Grivach. – First you need to get a guarantee that the gas will be in demand in the European Union »

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It all depends on the Ukrainian transit, whose fate has not been determined. The current transit contract with Ukraine ends in late 2019. Russia previously made contradictory statements on the subject: it was reported, and that Russia will not renew the contract, and that transit through Ukrainian territory can be saved – if Kiev will propose acceptable conditions

«Turkish Stream”, actually. from the very beginning, and was conceived as a supply route, an alternative Ukrainian.

The Ukrainian “Naftogaz” Andrew Kobolev in mid-August, said that for Ukraine the launch of even one branch “Turkish stream” is fraught with serious decline in revenue. According to him, reduction of transit of 15 billion cubic meters. m will lead to the loss of “a very large sum.” Samu amount, however, he did not name. However, earlier, former Prime Minister of Ukraine Arseniy Yatsenyuk said that the commissioning of another Russian gas pipeline project, “Nord Stream – 2″, will deprive Kiev of about $ 2 billion a year in transit revenues. Power “Nord Stream – 2″ should reach 55 billion cubic meters. m.

Based on this, the commissioning of even one branch “Turkish Stream” capacity of 15 billion cubic meters. m deprive Ukraine about $ 570 million a year.

Accordingly, the construction of another branch of “Turkish stream” and capacity of 15 billion cubic meters. m Kiev double the loss. But Ukraine supports Europe, which has repeatedly stated the need to preserve Ukrainian transit. Therefore it is difficult to say whether to grant the EU a guarantee of demand for the second branch of “Turkish Stream».

For further discussion of the project with the participation of Russia and Turkey to be held on the 23 th World Energy Congress to be held in Istanbul from 9 to 13 October . Alexander Novak has already confirmed his participation as a speaker and said that they will discuss the prospects for the gas supply, “Turkish Stream” in Turkey and in other countries.

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