Gazprom has announced that the capacity of the planned Turkish Stream gas pipeline to Turkey would be halved, from an original capacity of 63 bcm/year to 32 bcm/year, due to the expansion of the Nord Stream gas pipeline (Russia-Germany).
In September 2015, Gazprom, BASF, E.ON, ENGIE, OMV and Shell signed a shareholders agreement on €9.9bn Nord Stream 2 project, which will consist in the construction of two offshore strings with an aggregate annual capacity of 55 bcm of gas, to be laid from Russia to Germany across the Baltic Sea. The project is planned to double the throughput of the current Nord Stream route which lies under the Baltic Sea from Portovaya Bay near the city of Vyborg to the German coast near Greifswald, stretching 1,224 km.
This new capacity will make the development of a 63 bcm/year gas pipeline from Russia to Turkey redundant, prompting Gazprom to reduce the Turkish Stream capacity. The project was expected to consist of four 15.75 bcm/year lines, with one line designed for Turkey and the rest flowing to Greece and Europe.