Gazprom to Invest $3.2 Billion in TurkStream Pipeline
January 15 2018 - 10:51AM
Dow Jones News
By Carlo Martuscelli
Gazprom PJSC (GAZP.RS) said Monday that it plans to invest
182.41 billion rubles ($3.2 billion) in its TurkStream pipeline in
2018.
The oil-and-gas company said its Nord Stream 2 pipeline is set
to receive RUB114.51 billion in investment.
The two natural-gas pipelines are designed to deliver Russian
gas to the West. TurkStream will run across the Black Sea to
deliver gas to Turkey and then onward to southern Europe, while
Nord Stream 2 will follow the route of the existing Nord Stream
pipeline, connecting Russia to Germany, Gazprom said.
Write to Carlo Martuscelli at carlo.martuscelli@dowjones.com
(END) Dow Jones Newswires
January 15, 2018 10:36 ET (15:36 GMT)
Copyright (c) 2018 Dow Jones & Company, Inc.
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