13:58 GMT02 March 2021
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    MOSCOW (Sputnik) - Russia hopes that the TurkStream natural gas pipeline project and the Southern Gas Corridor will operate in the conditions of fair competition, Russian Foreign Minister Sergey Lavrov said on Wednesday.

    "Of course, we are always ready to compete with other producers, other routes, which are currently being discussed as part of the so-called Southern Gas Corridor. What is important is that the competition is fair," Sergei Lavrov stated.

    READ MORE: Austrian President: It Doesn't Make Sense for Europe to Shift to US Gas Delivery

    In late May, the opening ceremony of the first stage of the Southern Gas Corridor project, which aims to deliver 10 billion cubic meters of Azerbaijani gas to Europe through Georgia and Turkey, was held in Baku. The project was launched as part of the European Union's efforts to increase the security and diversity of its energy suppliers.

    TurkStream, construction for which was launched last May, will have a capacity of 15.75 billion cubic meters (556 billion cubic feet) per year. One line is expected to supply natural gas solely for consumption in Turkey. The second string will transport gas to European countries through Turkey and is scheduled for completion in 2019. Gazprom is considering options to extend the pipeline through Bulgaria and Serbia or through Greece and Italy.


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