Russia lays one-third of Turkish Stream gas pipeline

"The construction of the gas pipeline is on schedule, the work is currently being carried out in Turkey’s exclusive economic zone. Today, 30% (555 km) of the two threads of the gas pipeline’s offshore section in the Black Sea has been completed," the report said.

On May 7, Gazprom started construction of the offshore section of the Turkish Stream gas pipeline off the Russian Black Sea coast.

Read alsoNaftogaz CEO: Contracts with Gazprom not worth paper usedThe project envisages the construction of a gas pipeline stretching via the Black Sea to the European part of Turkey and further to the border with Greece. The length of the offshore section should be about 910 km, while the overland section across the Turkish territory - some 180 km.

One thread will be intended for the Turkish market, while another - for gas supplies to the countries of Southern and South-Eastern Europe. Each thread’s capacity is at 15.75 billion cubic meters of gas per year. The project cost is estimated at $6 billion.

Earlier, Gazprom planned to invest in the project around EUR 11.4 billion, when the initial idea was to construct four threads of the pipeline.