The so-called Turkish Stream project, which was being showcased by Gazprom at this week’s World Gas Conference (WGC) in Paris, aims to deliver 63 billion cubic metres of gas annually via the pipeline to be laid across the Black Sea to Turkey, of which 47 Bcm is destined for Europe, by 2020.

It will follow almost the same pipeline corridor as the earlier proposed South Stream project that was scrapped last December following objections from the EU on competition grounds amid Western sanctions on Russia over its alleged military incursion in Ukraine and annexation of Crimea.

Moscow