Category: <span>Uncategorized</span>


Turkish Stream – Russia to Turkey

• Cost: $15.1 billion (estimated)
• Timeframe: 2017 – 2019 (first phase)
After years of development, followed by a period of political uncertainty, Russia and Turkey have finally re-agreed to push ahead with the Turkish Steam pipeline. The decision was reached at 2016’s World Energy Conference (WEC) in Istanbul. 909 kilometres of new pipeline will travel beneath the Black Sea, linked to 177 miles of onshore pipes, transporting gas from Russia via Turkey to Europe.

The project, which has been in the planning stages since 2014, is expected to reach deliverability of 63 billion cubic metres of natural gas annually once operational. Gazprom expects total costs on the project to reach $15.1 billion.

Alexi Miller, Gazprom’s chairman, stated the first phase of undersea pipe laying could be completed as early as 2019. Gazprom will be working alongside Turkey’s BOTAS to complete the project. BP’s CEO Bob Dudley, speaking at the WEC, also expressed his eagerness to get involved with the Turkish Stream, citing the pleasing results of BP’s involvement on another Turkish-involved project – TANAP, the Trans Anatolian Natural Gas Pipeline.



A Cleaner Source of Energy for the World

Mozambique LNG is emerging as a future leader in the global LNG industry as it works to develop an LNG facility on the Afungi peninsula in Caba Delgado province. With approximately 75 trillion cubic feet of recoverable natural gas discovered in the Offshore Area 1, the Mozambique LNG Project represents an extraordinary opportunity to meet increasing world demand for a sustainable, reliable and cleaner source of energy.

Mozambique’s favorable central geographic location means the country is well positioned to meet the needs of customers in the Atlantic and Asia-Pacific markets, and to tap into the growing demand for energy in the Middle East and Indian sub-continent. Anadarko and the other participants in Mozambique LNG are committed to working collaboratively with Mozambican communities and government officials to safely develop these natural gas resources in a manner that protects the environment, encourages additional foreign investment and contributes to the long-term economic stability of the region.