Netherlands Withdraws Exporting License from TurkStream Gas Pipeline
(Reuters) — The Russian-owned operator of the TurkStream gas pipeline said on Thursday that the Netherlands had withdrawn its export license, but it will continue gas transportation, adding that it had requested the resumption of the license.
Russia and Turkey formally launched TurkStream with capacity of 31.5 billion cubic meters per year in January 2020. The pipeline, which allows Moscow to bypass Ukraine as a transit route to Europe, carries Russian natural gas to southern Europe through the Black Sea and Turkey.
South Stream Transport B.V., a subsidiary of Kremlin-controlled Gazprom, is the Dutch-based operator of the offshore portion of the pipeline. South Stream said the Netherlands withdrew the export license on Sept. 18 amid wider sanctions from the European Union.
"The introduction of new sanctions does not restrict the continuation of gas transportation by South Stream Transport B.V. In this regard, the gas supply of various industries and millions of households in Turkey and European countries will not be affected in the short and long term, it said."
Related News
Related News
- Keystone Oil Pipeline Resumes Operations After Temporary Shutdown
- Freeport LNG Plant Runs Near Zero Consumption for Fifth Day
- Biden Administration Buys Oil for Emergency Reserve Above Target Price
- Mexico Seizes Air Liquide's Hydrogen Plant at Pemex Refinery
- Enbridge to Invest $500 Million in Pipeline Assets, Including Expansion of 850-Mile Gray Oak Pipeline
Comments