Turkey has granted all necessary and unconditional permits for the proposed South Stream gas pipeline, allowing construction to proceed.
Gazprom Chairman of the Management Committee Alexey Miller said that the construction permit granted by Turkey is an important acknowledgement that the project would be executed on schedule, specifically before the end of 2015.
The South Stream project aims to diversify Russia’s natural gas export routes. The gas pipeline runs under the Black Sea to southern and central Europe, and involves a 900 km offshore section.
Intergovernmental agreements have been signed with Bulgaria, Serbia, Hungary, Greece, Slovenia, Croatia and Austria in order to implement the onshore gas pipeline section.
In order to feed the required amount of gas to South Stream, Russia’s gas transmission system capacities will also be expanded, with the addition of 2,300 km of linepipe and ten compressor stations with a total capacity of 1,473 MW.
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Shareholders in the South Stream project include Gazprom (50 per cent), Italy’s Eni (20 per cent), Germany’s Wintershall Holding (15 per cent) and France’s EDF (15 per cent).
Image caption: Route options for the South Stream pipeline project.
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