Engie

Russia's largest natural gas producer, Gazprom, estimates the cost of building two lines of the Turkish Stream gas pipeline to be $6 billion, Gazprom Deputy Chief Executive Andrei Kruglov was quoted as saying by Reuters on June 22. 

The first line is to run to Turkey, while the second one will ship natural gas to Europe.

Image: interfaxenergy.com

Russian energy giant Gazprom will begin construction on the Black Sea portion of the Turkish Stream natural gas pipeline in a few days, according to CEO Aleksey Miller, who spoke to reporters on Thursday.

A whole set of rigorous Energy Community's requirements for the construction of the now abandoned South Stream pipeline does not apply to Nord ("north") Stream.

Western partners of gas giant Gazprom agreed on April 24 to provide half the financing for the 9.5-billion euro ($10.32 billion) Nord Stream 2 pipeline, removing a big hurdle for a Russian plan to pump more gas to Europe.

Nord Stream 2 AG has signed contracts with Engie, OMV, Royal Dutch Shell, Uniper and Wintershall on the financing of the Nord Stream 2 gas pipeline.

The companies will provide half of the project cost of EUR 9.5 billion, TASS has reported, quoting Gazprom.

Nord Stream 2 AG has signed contracts with Engie, OMV, Royal Dutch Shell, Uniper and Wintershall on the financing of the Nord Stream 2 gas pipeline.

The companies will provide half of the project cost of EUR 9.5 billion, TASS has reported, quoting Gazprom.

Gazprom's investments in gas midstream will grow by 6.8 percent year-on-year to 911.2 billion rubles ($15.3 billion), including the Turkish Stream project, the Russian gas holding said on Jan. 19, as reported by TASS. 

Investments in the Turkish Stream project will total 42 billion rubles ($702.7 million) in 2017, according to the report. 

The Global Energy Management (GEM) division of France's Engie plans to grow by setting up a gas and power trading platform in Istanbul, the company said in a written statement on Dec. 29. 

The first sections of the gas pipeline North Stream 2 from Russia to Europe will be welded and turned over in November 2016, stated the Communications Director of the company managing the project Ulrich Lissek, cited by RIA agency.

The Visegrad Four (Hungary, Poland, Slovakia and the Czech Republic) finds North Stream 2 politically and economically unsound, stated on Saturday Polish President Andrzej Duda at a press conference at the end of the second day of the summit, reported bTV.