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Gazprom and Turkish partners discuss using Turkish Stream to supply gas to more of Europe

Gazprom still forecasts a moderate year-on-year rise in European gas exports to 183 bcm in 2021.

Gazprom and Turkish partners discuss using Turkish Stream to supply gas to more of Europe

St.Petersburg, December 25 - Neftegaz.RU. Gazprom is currently in talks with its Turkish partners to carry natural gas deliveries via the Turkish Stream pipeline to more European markets.

Elena Burmistrova, CEO of Gazprom Export, during a conference with investment banks, said:
  • We are now in talks on the issue with our Turkish colleagues
E. Burmistrova had previously said:
  • Gazprom may consider delivering some of TurkStream’s gas to more of Europe, on the condition that the demand for gas in the country continues to decline.
Gas purchases in Turkey declined significantly since 2019 for several internal reasons, including the steps taken to diversify the supply chains and benefit from excessive supplies of cheaper LNG.

Gazprom enjoyed the highest figure of sales to Turkey in 2017, when the Russian company delivered about 29 bcm of natural gas to the country, making it the 2nd-biggest market after Germany.
The energy giant’s pipeline natural gas exports to Turkey are expected to decrease to between 8-9 bcm this year, its lowest level since the 1990s.

Famil Sadygov, deputy chairman of Gazprom, said:
  • the company still forecasts a moderate year-on-year rise in European gas exports to 183 bcm in 2021
  • the average price of gas supplies to Europe is set in the 2021 budget at $170 per 1,000 cubic meters, a rise of $44, or 35%, compared to this year's budget.
F. Sadygov  had previously told Gazprom magazine:
  • The company expects to finish this year with 170 bcm of gas exports to Europe, down from 199 bcm in 2019.
  • the company calculated a moderate increase in gas exports to the European market for its 2021 budget.

Source : Neftegaz.RU


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