Russia's Gazprom plans to supply the first gas via a new route to Turkey in December 2016, Chief Executive Alexei Miller said in a statement on Tuesday.
Gazprom said last year it would build a new pipeline to Turkey with a capacity of 63 billion cubic meters (bcm) a year to bypass Ukraine. It had earlier scrapped a planned South Stream pipeline over disagreements with the European Union.
Under the new plan, the EU would have to build its own link to the proposed pipeline to Turkey to get Russian gas, which now accounts for around a third of Europe's needs. Around half of that is currently being pumped via Ukraine.
On Tuesday, Miller said the new pipeline would consist of four lines of 15.75 bcm each, with the first one to supply Turkey only. Turkey is already receiving Russian gas via existing routes, importing 27.4 bcm last year.
Miller added Russia and Turkey would sign an agreement on building the pipeline in the second quarter of 2015. Gazprom has still to reveal the estimated cost of the project.
The EU, at loggerheads with Moscow over unrest Ukraine and keen to reduce its energy dependence on Russia, had objected to the $40 billion South Stream pipeline, which was to enter the bloc via Bulgaria, on competition grounds.
The proposed undersea pipeline to Turkey is seen as avoiding that problem. Russia has offered to link it with a gas hub — also yet to be built — at the EU's southeastern edge, the Turkish-Greek border, to supply southern Europe.
A Message from The Moscow Times:
Dear readers,
We are facing unprecedented challenges. Russia's Prosecutor General's Office has designated The Moscow Times as an "undesirable" organization, criminalizing our work and putting our staff at risk of prosecution. This follows our earlier unjust labeling as a "foreign agent."
These actions are direct attempts to silence independent journalism in Russia. The authorities claim our work "discredits the decisions of the Russian leadership." We see things differently: we strive to provide accurate, unbiased reporting on Russia.
We, the journalists of The Moscow Times, refuse to be silenced. But to continue our work, we need your help.
Your support, no matter how small, makes a world of difference. If you can, please support us monthly starting from just $2. It's quick to set up, and every contribution makes a significant impact.
By supporting The Moscow Times, you're defending open, independent journalism in the face of repression. Thank you for standing with us.
Remind me later.