Gazprom Halves Turkish Stream Capacity Because of Nord Stream II

Gazprom said it plans to halve the capacity of its Turkish Stream gas pipeline project to 32 bcm, explaining that the change of mind has to do with the expansion of its Nord Stream gas pipeline from Russia to Germany.  

"Speaking about capacity ... we can say that it will have a capacity of up to 32 bcm," Miller said. 

Gazprom Chief Executive Officer Alexei Miller delivered the bombshell on Tuesday at a gas forum in St. Petersburg, adding that the company plans to sign a contract with China for the "western route export pipeline" in spring 2016.

The news is pretty much in line with a recent article published by Natural Gas Europe, which reported  several experts saying that the third and the fourth string are totally unrealistic. Reading through the lines of his intervention on Tuesday, Miller did indeed suggest that there will not be four strings as previously suggested, but two at most.

While underlining the efforts of Moscow to continue in its import substitution scheme, Russian newspapers wrote that Gazprom decided to work with Germany’s midstream company Linde.