Blue Stream going to Turkey left without Russian gas


In May 2020, the Blue Stream gas pipeline, through which gas from Russia went to Turkey along the bottom of the Black Sea, was stopped for preventive maintenance. However, the gas pipeline did not resume work, Reuters reported.


The agency notes that the COVID-19 pandemic has affected the economy Turkey, for which the simultaneous operation of the Turkish Stream and the Blue Stream proved excessive.

Up to 16 billion cubic meters of gas can be transported via Blue Stream, which is a joint venture of Russian Gazprom and the largest Italian oil and gas company Eni. m of gas per year. At the same time, the Blue Stream is exempted from customs duties under the intergovernmental agreement. Therefore, the Russians, given the circumstances, transferred all volumes of gas to Turkish Stream, and Gazprom now pays 30% of the export duty to the Russian budget, since this pipeline is not exempt from payment.

According to experts, investments in the Blue Stream have already paid for themselves, given the European tariffs of previous years. Investments in the project amounted to $ 3,2 billion. At the same time, TurkStream cost $ 7 billion and it has yet to be recouped. In fact, now one “Turkish stream” is completely enough to satisfy the existing demand.

We remind you that the Blue Stream was commissioned in 2003. In 2017, 15,8 billion cubic meters were pumped through it. m. In 2018, only 13,3 billion cubic meters were transported. m of gas, and in 2019 even less - 11,1 billion cubic meters. m. So Gazprom’s actions look absolutely logical and justified, not to mention replenishing the country's budget at an economically difficult and dangerous time from an epidemiological point of view.
  • Photos used: https://www.gazprom.ru/
3 comments
Information
Dear reader, to leave comments on the publication, you must to register.
I have an account? Sign in
  1. Alexey Semenenko (Alexey Semenenko) 11 July 2020 21: 04
    -1
    The author is modestly silent about how much they have pumped over TP today.
  2. gorenina91 Offline gorenina91
    gorenina91 (Irina) 12 July 2020 06: 08
    +2
    According to experts, investments in the Blue Stream have already paid for themselves, given the European tariffs of previous years.

    - Yes, anyway ... - should already pay for itself (for almost twenty years) ... - This is "considered by experts" ... - And investments in this project amounted to $ 3,2 billion ...

    At the same time, Turkish Stream cost $ 7 billion and it has yet to be recouped. In fact, now one “Turkish stream” is completely enough to satisfy the existing demand.

    - Does this mean that the "Blue Stream" can be closed ... - since it has already "paid for itself"; and all Russian gas should be supplied through the Turkish Stream ... - until the Turkish Stream "pays for itself" ...
    - This is ... great ...

    So Gazprom’s actions look absolutely logical and justified, not to mention replenishing the country's budget at an economically difficult and dangerous time from an epidemiological point of view.

    - What is "absolutely logical and reasonable" here ???
    - Well, in twenty years ... - Probably Turkish Stream will be able to "recoup itself" ... - And what role will Blue Stream play ??? - It that ... - will be handed over for scrap ???
    - Yes, a good "merchant" ... - this Gazprom ... is just wonderful ... - He (Gazprom) takes and pours public money ... the money of Russian taxpayers ... into the construction of gas pipelines ...
    - After which Turkey begins to smile; and all those who receive Russian gas through these pipelines - and these ... are also happy and smiling ... - And what is the reason that Russia (Russian taxpayers) smiles with them ??? - Yes, no reason ... no ...
    - It remains only to wait ... - when these "construction will pay off" ... - And during this period "20 years + 20 years" in Russia, a whole generation of Russian residents will be replaced ... - both in Turkey and in those countries that they receive Russian gas "with a smile" ... - a whole generation will also change ... - Yes, "someone" has no time for smiles ...
  3. Sergey Latyshev Offline Sergey Latyshev
    Sergey Latyshev (Serge) 12 July 2020 09: 54
    +2
    Other resources write that Turkey is buying more and more Amer LNG.
    But what, we caught him selling hydrocarbons from terrorists ... and ... ???
    We will be friends further.