Turkish torrent - the natural gas flow to Europe
The beginning of the agreement between Turkey and Russia on the Turkish Torrent project
What is the Turkish Torrent project?
When does the announcement of the Turkish Torrent project begin?
How does Turkey get its share of natural gas?
What is the benefit of the Turkish torrent project for Turkey?
The beginning of the agreement between Turkey and Russia on the Turkish Torrent project
At the beginning of the agreement between Turkey and Russia, the Turkish Torrent project consisted of four pipelines, with a total capacity of 63 billion cubic meters of natural gas annually, at a rate of 15.75 billion for each line, provided that Turkey would receive and its share would be 14 billion annually, and 49 billion cubic meters allocated for export. To Europe
On November 2, 2015, Russia officially announced that it had agreed with Turkey to reduce the potential of the Torrent project and reduce it in half, so that the project consists of only two pipelines with a transportation volume and a total capacity of 31.5 billion cubic meters of natural gas annually. Turkey's share will be from gas annually, 15.75 million cubic meters annually, and 15.25 billion cubic meters will be destined for export to Europe.
What is the Turkish Torrent project?
The Turkish Torrent is a substantial economic project that was agreed upon between Turkey and Russia, as the project is a huge turning point for Turkey's energy resources. The project is based on the transportation of Russian Natural Gas to both Turkey and the countries of southern and eastern Europe through transport pipelines that pass through the Black Sea and across Turkish territory.
The Turkish Torrent project consists of two pipelines: 930 km long and crosses the Black Sea's bottom, and aims to transport gas to Turkey. The second is 180 km long and crosses Turkish territory to its western borders, and is intended to transport gas to the European side.
The Turkish Torrent project's total capacity is 31.5 billion cubic meters annually, and it will fully cover all countries' natural gas needs in eastern and southern Europe.
When does the announcement of the Turkish Torrent project begin?
The official announcement of the Turkish Torrent project's launch on December 1, 2014, as Turkey officially announced the acceptance of the project and named it Turkish Torrent on the 11th of the same month.
The project was stopped after the two countries' relations worsened after the Turkish army shot down a Russian Sukhoi 24 plane over Turkish territory in November 2015. The project was resumed again during Erdogan's visit to Moscow, to achieve reconciliation between Turkey and Russia in August 2016. Work began in The project was completed in May 2017 and completed in November 2018.
How does Turkey get its share of natural gas?
Turkey will benefit immediately by withdrawing its share of the gas pipelines that pass through its territory. The percentage of exports to Europe will be removed in giant warehouses built on Turkey and Bulgaria's borders.
What is the benefit of the Turkish torrent project for Turkey?
The Torrent project provides 53% of its natural gas needs to Turkey.
Turkey will turn into a hub for natural gas trade as the land of pipelines for gas transporting.
The value of investments in the Turkish Torrent project is 12.9 billion dollars