Oil & Gas

Gazprom to half capacity of TurkStream gas pipeline project

Russian oil producer Gazprom has almost halved the planned capacity of its TurkStream gas pipeline project, according to the company’s chief exec. The expected capacity has been reduced from 63billion cubic metres (bcm) to 32bcm. Chief executive Alexei Miller said Gazprom now plans to supply a smaller amount because it also wants to expand the Nord Stream gas pipeline which runs on the bed of the Baltic Sea to Germany.