February 2020, Vol. 247, No. 2
Projects
TurkStream Begins Gas Flows to Greece, North Macedonia
Russia is building TurkStream and doubling the capacity of NordStream across the Baltic Sea to Germany as part of plans to bypass Ukraine in its gas deliveries to Europe.
“Russian gas deliveries not only for us but also for Greece, and North Macedonia are being carried through the new entry point (at our Turkish border),” Bulgartransgaz CEO Vladimir Malinov told Bulgarian national radio BNR.
Russian gas producer Gazprom started shipping about 3 Bcm of gas to Bulgaria via TurkStream on January 1, replacing a route that formerly passed through Ukraine and Romania, according to Reuters.
Gazprom shipped about 3 Bcm to Greece and about 500,000 MMcm to North Macedonia via that route last year.
Russia is building TurkStream in two pipelines, each with an annual capacity of 15.75 Bcm.
The first pipeline is aimed at supplying Turkey, and the second would run further from Bulgaria to Serbia and Hungary. Bulgaria hopes to be able to make shipments to Serbia by May and build the whole section by year-end.
While Russia and Ukraine at the end of last year signed a five-year agreement on gas transit to Europe, volumes are set to fall from 65 Bcm in 2020 to 40 Bcm annually from 2021 to 2024.
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