Gazprom raises investment estimate for TurkStream project to EUR 7bn 02/09/2018 | By Gergana Bencheva, EMIS Editor

Previous forecast’s cost stands at EUR 6bn

Russian oil and gas major Gazprom has raised its investment estimate for the construction of the Turkish Stream (TurkStream) gas pipeline to EUR 7 billion against EUR 6 billion projected previously, Thai News Service reported referring to the group’s deputy CEO Andrei Kruglov.

He also explained that Gazprom expected to initially finance the project from its own budget and then to get the investment back through the issue of project bonds.

Gazprom’s investments in the pipeline in 2018 are expected to reach RUB 182.4 billion, Thai News Service added.

Sign in and read the full article in emis.com

connect with us contact us request a demo
subscribe to our newsletter Make sure you’re not the last to know by getting the latest insights on emerging markets straight to your inbox. sign up
EMIS Charts Create your own charts with an interactive overview of sectors, key players and macroeconomic trends in emerging markets.
try it now
related articles