Gazprom expanding new export routesStaff writer ▼ | February 26, 2015
The Gazprom board approved the company's strategy aimed at diversifying its export routes and increasing the Russian gas competitiveness.
Oil and gas industry Gazprom is focused on supplying gas to Asia-Pacific
With a view to provide stable and well-balanced supplies of Russian gas to Europe as well as to mitigate the risks related to gas transit via third countries, Gazprom makes great efforts to expand the existing gas transmission routes and to build up the new ones.
A project for constructing a new gas pipeline with a capacity of 63 billion cubic meters from Russia to Turkey has entered the execution stage. The gas transmission route will be laid via the Black Sea and will annually supply up to 47 billion cubic meters of gas to the Turkish-Greece border.
The gas pipeline will represent the alternative export route, which, in combination with highly reliable Nord Stream, Blue Stream and the Yamal – Europe gas pipeline, will secure the whole Russian gas exports beyond the CIS and will make it possible to abandon the transit corridor via Ukraine.
Gazprom is also focused on supplying significant volumes of Russian pipeline gas to Asia-Pacific.
The work is underway to have the resource and transmission base in place for the start of gas supplies from Russia to China via the eastern route. The Agreement on Russian gas purchase and sales via the western route is being formulated. ■