Turkstream pipeline outlawed by EU sanctions. Another sanction against Russian gas
Dutch authorities have withdrawn the export license of the company operating the TurkStream pipeline from Russia to Turkey, said the company, which is based in the Netherlands.
South Stream Transport, however, noted that gas flow will continue while applying for a new license, Reuters reported. The revocation of the license was motivated by the new EU sanctions against Russia.
"Throughout 2022, the European Union has periodically imposed further sanctions aimed at limiting the exports of materials, technologies and services of companies that support Russia's activities," the pipeline operator said in a statement cited by TASS.
"Following the new sanctions of September 18, 2022, the export license of South Stream Transport BV, the operator of the TurkStream offshore pipeline, through which Russian gas is transported across the Black Sea for consumers in Turkey and European countries , was prematurely revoked ".
"The introduction of new sanctions does not limit the continuation of gas transport by South Stream Transport BV. In this regard, the gas supply of various industries and millions of households in Turkey and European countries will not be affected in the short term. and in the long term, ”said the company.
The TurkStream pipeline, which has a capacity of 31.5 billion cubic meters per year, supplies Russian gas to Turkey and southern Europe. It was launched in 2020 as part of Russia's efforts to diversify its export routes from Ukraine. In reality, part of the gas from the TAP could also come from this pipeline interconnected with the Anatolian one coming from the Caucasus.
From launch in early 2020 to late 2021, the TurkStream pipeline has transported approximately 18 billion cubic meters of gas to Turkey and 16.8 billion cubic meters to European countries, Turkish media reported at the beginning of this survey. 'year.
Now, after the sabotage of the two Nord Stream gas pipelines, TurkStream remains the only transport channel of Russian natural gas to Europe, in addition to the pipelines that pass through Ukraine. Closing it could be a big problem, which is why it is better to refound the company that manages it.
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The article The Turkstream pipeline outlawed by EU sanctions. Another sanction against Russian gas comes from ScenariEconomici.it .
This is a machine translation of a post published on Scenari Economici at the URL https://scenarieconomici.it/il-gasdotto-turkstream-fuorilegge-per-le-sanzioni-ue-altra-sanzione-verso-il-gas-russo/ on Fri, 30 Sep 2022 08:00:34 +0000.