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Russia’s Gazprom, Italy’s Snam Discuss Turkish Stream

Russian gas monopoly Gazprom and Italy’s Snam discussed on April 4 avenues for cooperation, while taking into account, inter alia, the progress of the Russian company’s Turkish Stream project, Gazprom said.

At a working meeting between Gazprom CEO Alexey Miller and Snam CEO Marco Alvera in Moscow on April 4, the meeting participants noted that European countries needed new and reliable routes for gas imports amid declining indigenous production, Gazprom said in a press release.

Turkish Stream, which is also called TurkStream, is the project for an export gas pipeline stretching across the Black Sea from Russia to Turkey and further to Turkey’s border with neighboring countries. The first string of the pipeline is intended for Turkish consumers, while the second string will deliver gas to Europe. Construction of TurkStream’s offshore section commenced on May 7, 2017.

Alvera informed Miller, who has just been sanctions by the United States, of Snam’s intention to facilitate the creation of new gas transmission routes in the Mediterranean, Gazprom said.

Italy’s Snam SpA is the largest European infrastructure company engaged in the construction and integrated management of gas transmission facilities, as well as natural gas transportation, storage, regasification and marketing.

In 2017, Gazprom delivered 23.8 billion cubic meters of gas to Italy. Between March 1 and March 31, 2018, Russian gas exports to Italy totaled 2.12 billion cubic meters – an increase of 99%, or 1.06 billion cubic meters, from March 2017 (1.07 billion cubic meters), Gazprom said.

According to estimates, gas deliveries on April 1–3, 2018, showed growth of 7.5% against the same period of 2017.

https://www.neweurope.eu/article/russias-gazprom-italys-snam-discuss-turkish-stream/

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