TurkStream | Egypt Oil & Gas

Gazprom Increases Gas Flow to Hungary Through Turkstream Pipeline

According to a Hungarian foreign ministry official, Russian gas giant Gazprom has increased its flows to Hungary via the Turkstream pipeline, Reuters reported.

Russia Gas Flows into Europe decreased by 20% in June YoY

S&P Golbal Platts data showed that Russian gas flows to Europe was steady in June at 11.1 billion cubic meters (bcm), to be declined 20% year on year (YoY).

Turkish Parliament Approved Gas Pipeline

The Turkish parliament approved an agreement regarding the TurkStream undersea gas pipeline, which is intended to pump Russian gas via Turkey into southeastern Europe.

Turkey, Russia Signed Pipeline Deal

The Russian Energy Minister, Alexander Novak, and his Turkish counterpart, Berat Albayrak, signed a bilateral agreement in order to build the TurkStream undersea gas pipeline.

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