Espreso. Global

"Turkish Stream" under threat: Netherlands revokes operator company's license 

30 September, 2022 Friday
02:05

Problems with gas may arise not only in Turkey, but also in openly pro-Russian Hungary and Serbia

Radio Svoboda reports this with reference to internal documents of the South Stream Transport B.V. company, the Dutch subsidiary of Gazprom.

From the documents obtained by the journalists, it follows that the gas pipeline was actually supposed to be stopped on September 17. This means that Hungary and Serbia may be left practically without gas.

South Stream Transport B.V. also can no longer export equipment and materials that are on the list of EU sanctions to Russia. 

In another letter, signed by the head of the contracts department, employees are ordered to inform the company's suppliers about the immediate termination of contracts - from September 16, 2022.

According to RS, the company has applied for a new license, but no one knows whether it will be issued.

The publication also notes that any maintenance of the gas pump and safety monitoring of its operation has been stopped.  Also, from now on, no current or emergency repair work will be carried out.

According to RS, the company did not inform the Turkish side about the problems with the license.

In July, 44 million cubic meters of gas passed through Turkish Stream per day, and today it remains the last gas pipeline through which Russian gas reaches Europe without problems: the Yamal-Europe gas pipeline through Belarus and Poland was stopped in May; due to damage to the pipe, the Nord Stream stopped completely; volumes passing through Ukraine through the Urengoy–Pomary–Uzhhorod gas pipeline decreased by two-thirds (42 million cubic meters per day instead of 167 million), and on September 27, Gazprom announced that the supply of gas through Ukraine could be completely stopped.

"Turkish Stream" is two "threads" that pump a total of 33 billion cubic meters per year. Half goes to Turkey, and the other thread enters the European Union through Bulgaria and then the gas is shared between Greece, North Macedonia, Serbia, and Hungary. The last two countries are the main consumers. Hungary is almost completely dependent on this gas pipeline, and Serbia is also quite serious.

According to the publication's sources, replacing Russian gas will be difficult, but possible. Serbia will have to bow to Croatia - they have a terminal for receiving liquefied natural gas on the island of Krk, however, everything is already arranged there between consumers. Hungary can receive gas from Northern and Central Europe - there are terminals for receiving LNG in France, the Netherlands, as well as Belgium, and Germany is going to build a lot. On the other hand, Russia is unlikely to make up for lost revenues.

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