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GAZPROM

December 16, 2003

1 BCM of natural gas delivered through the Blue Stream gas pipeline

Today, Turkey has received the 1st bcm of Russian gas through the Blue Stream gas pipeline, i.e. by 200 million cubic meters more than was previously contracted under the “take-or-pay” agreement for 2003.

On December 13, Gazprom, upon Turkey’s request, increased daily gas supply to Turkey through the Blue Stream gas pipeline up to 20 million cubic meters. It should be mentioned that under the agreements reached Gazexport had to deliver 5.3 million cubic meters per day.

Gazprom plans to supply 1.1 bcm of natural gas in 2003 and 4 bcm in 2004 to Turkey.

Reference:

The Blue Stream is a gas pipeline laid along the Black Sea bottom and designed to directly deliver Russian gas to Turkey. For the first time in the world’s history, the gas pipeline was laid in the aggressive sour medium at the depths of up to 2,150 meters. The total length of the pipeline (inclusive its onshore and offshore sections) is 1,213 km.

The Blue Stream gas pipeline was commissioned on December 30, 2002, and brought into operation in February 2003.

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