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A service for international trade professionals · Friday, April 26, 2024 · 706,886,868 Articles · 3+ Million Readers

Alexey Miller and Italian Ambassador Pasquale Terracciano discuss ongoing efforts to create southern route for Russian gas supplies to Europe

Background

In 2017, a total of 23.8 billion cubic meters of Russian gas was delivered to Italy.

Gazprom’s main partners in the Italian market are Eni and Edison.

On March 21, 2017, Gazprom and Eni signed a Memorandum of Understanding to develop the southern corridor for gas supplies to European countries, including Italy.

On June 2, 2017, Gazprom, Edison, and DEPA inked the Cooperation Agreement aimed at establishing a southern route for Russian gas supplies from Russia to Europe, which would run across Turkey to Greece and further to Italy.

TurkStream is the project for an export gas pipeline stretching across the Black Sea from Russia to Turkey and further to Turkey's border with neighboring countries. The first string of the pipeline is intended for Turkish consumers, while the second string will deliver gas to Europe. Construction of TurkStream’s offshore section commenced on May 7, 2017.

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