TurkStream is set to carry Russian gas under the Black Sea to Turkey and supply several countries in southeastern Europe once fully operational.
TurkStream consists of two pipelines running together underwater, each with an annual capacity of 15.75 billion cubic meters. Gas via the link has been flowing to Turkey and Bulgaria since January 1. A combination of existing and new pipelines will subsequently take supplies to Serbia and later on to Hungary.
The project allows Gazprom to achieve two strategic aims. First, it may help the company increase its market share in Turkey, currently among the top three buyers of its gas. Second, Gazprom can reduce its dependence on Ukraine as a transit route.