Gazprom Faces $13.1 Billion Loss Amid EU Energy Exports Decline
Russian energy giant Gazprom has faced a significant financial blow in 2024, recording net losses of 1.076 trillion rubles
Gazprom has launched the construction of the sea section of the Turkish Stream gas pipeline, according to Alexei Miller, CEO of the Russian energy giant.
In a Friday interview for the Rossiya 24 TV Channel, Miller, as cited by the TASS news agency, announced that Gazprom had moved to the stage of construction of the sea stretch of Turkish Stream.
Miller said earlier that the Turkish Stream gas pipeline would become operational in December 2016.
In December 2014, Vladimir Putin announced that Russia had decided to quit the South Stream gas pipeline project.
The Turkish Stream was proposed as an alternative route for gas deliveries to Europe via Turkey.
The Turkish Stream gas pipeline will have a capacity of 63 billion cubic meters of gas per year, of which 47 billion cubic meters will be delivered to a new gas hub on the Turkish-Greek border.
The remaining 16 billion cubic meters of gas are to cover Turkey's domestic needs.
The United States has floated the idea of resuming the NATO-Russia Council as part of a broader effort to resolve the conflict in Ukraine
Russia marked the 80th anniversary of the end of World War II with a large-scale military parade on Moscow's Red Square
Chinese President Xi Jinping has reaffirmed his support for Russia during his visit to Moscow on May 8
South Korea's intelligence agency has reported that approximately 600 North Korean soldiers
A senior Russian general has been killed in a car explosion in Balashikha
Explosions occurred on April 22 at a military ammunition depot in Russia's Vladimir Oblast,
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