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    Rosneft Backs Participation of Independent Gas Producers in Turkish Stream

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    Turkish Stream Gas Pipeline Project (49)
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    The participation of independent partners in the Power of Siberia and the Turkish Stream projects would help optimize expenditures, according to Rosneft.

    President of Rosneft Igor Sechin, left, and Chairman of Essar Shashi Ruia sign the agreement in New Delhi, December 11, in the presence of the President of the Russian Federation Vladimir Putin and the Prime-Minister of India Narendra Modi.
    © Photo : Press service of the Russian President
    MOSCOW (Sputnik) — Russia's Rosneft state-run integrated oil company stands for the participation of independent gas producers in export-oriented Gazprom gas projects, including the Turkish Stream, the company said in comments to the concept of the development of Russia's domestic gas markets.

    "The development of the system in the interest of a sole supplier [Gazprom] eliminates the possibility of optimization through cooperation between the players on the gas market, including the possibility of optimization of expenditures costly export-oriented projects such as the Power of Siberia and the Turkish Stream," Rosneft Vice President Larisa Kalanda said in a letter sent to the Energy Ministry.

    The Turkish Stream is a proposed pipeline from Russia to Turkey across the Black Sea with a planned annual capacity of 63 billion cubic meters of gas. The pipeline will run to a hub on the Turkish-Greek Border. From there it is planned to be extended through Greece to the southern Europe.

    The Turkish Stream is expected to become operational in December 2016.

    The Power of Siberia is another projected gas pipeline, running from Russia to China. The construction of the Russian leg of the pipeline started in September 2014, and the first deliveries are expected to begin in 2018.

    In 2014, Russia's Gazprom and China’s CNPC signed a 30-year contract stipulating the delivery of 38 billion cubic meters of Russian gas annually to China via the Power of Siberia.

    For months, Rosneft has been seeking access to the Power of Siberia project, citing the need to deliver eastern Siberian gas to consumers. However, late in June Gazprom head Alexei Miller said that his company’s contract with China does not envisage participation of any independent gas producers and is designed to use Gazprom’s resource base only.

    Topic:
    Turkish Stream Gas Pipeline Project (49)

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    Tags:
    Power of Siberia, Turkish Stream gas pipeline, Russian Energy Ministry, Gazprom, Rosneft, Larisa Kalanda, Russia
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