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Gazprom has increased its supplies to Serbia by 40.8%, to Hungary – by 24.4%

In 2017 Gazprom has increased supplies to countries that may become natural gas consumers using the Turkish Stream pipeline in the future.

Gazprom has increased its supplies to Serbia by 40.8%, to Hungary – by 24.4%


In 2017 Gazprom has increased supplies to countries that may become natural gas consumers using the Turkish Stream pipeline in the future, the company reported on August 17, 2017.

For Bulgaria, the rise has reached 11.1% compared to January-August last year.

Exports to Greece grew by 13.2%, for Turkey by 22.4%, for Hungary – by 24.4% and for Serbia by 40.8% .

Russia is building the pipeline through Turkey as an alternative to routes through Ukraine and plans to invest nearly 40 billion rubles (over half a billion euros) this year for construction.

Russian media remind that up to now, 50 km of the 900-kilometer-long route at the bottom of the Black Sea has been built.

A total of 2 pipes are planned for a total capacity of 31 billion cubic meters of gas per year.

Gazprom reported a 6.1 % decline in 1st quarter profits compared with last year because of higher operating expenses and lower market prices.


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