Al Mayadeen English

  • Ar
  • Es
  • x
Al Mayadeen English

Slogan

  • News
    • Politics
    • Economy
    • Sports
    • Arts&Culture
    • Health
    • Miscellaneous
    • Technology
    • Environment
  • Articles
    • Opinion
    • Analysis
    • Blog
    • Features
  • Videos
    • NewsFeed
    • Video Features
    • Explainers
    • TV
    • Digital Series
  • Infographs
  • In Pictures
  • • LIVE
News
  • Politics
  • Economy
  • Sports
  • Arts&Culture
  • Health
  • Miscellaneous
  • Technology
  • Environment
Articles
  • Opinion
  • Analysis
  • Blog
  • Features
Videos
  • NewsFeed
  • Video Features
  • Explainers
  • TV
  • Digital Series
Infographs
In Pictures
  • Africa
  • Asia
  • Asia-Pacific
  • Europe
  • Latin America
  • MENA
  • Palestine
  • US & Canada
BREAKING
Al Mayadeen's correspondent: The Lebanese Army is continuing its investigations and will later announce any information that does not affect the confidentiality of the investigation
Al Mayadeen's correspondent: It has not yet been determined whether the detainees belong to ISIS or another organization
Al Mayadeen's correspondent: Around 10 people of different nationalities, including Lebanese nationals, were detained
Al Mayadeen's correspondent: The Lebanese army arrested a number of people in the Matn area of Mount Lebanon with possession it has not disclosed
Gaza Civil Defense spokesman: We have strong indications that there are martyrs, injuries, and trapped people in the Salah al-Din area
Gaza Civil Defense spokesman: Citizens should avoid Salah al-Din Street because anyone who approaches it is at risk of being directly targeted
Gaza Civil Defense spokesman: Reality is that there is a very limited retreat of the vehicles, with the occupation forces providing cover undeer fire up to Salah al-Din Street
Gaza Civil Defense spokesman: Claims that the Israeli occupation has withdrawn from areas in the neighborhoods of al-Zaytoun, al-Tuffah, and al-Shujaiya are false
Hamas: The two delegations stressed that any negotiations must lead to the achievement of our people's goals and aspirations, foremost among which is ending the war and the complete withdrawal of enemy forces
Hamas: A delegation from the Hamas leadership, led by the head of the leadership council, Mohammad Darwish, met with an Islamic Jihad delegation, headed by its Secretary-General, Ziyad al-Nakhalah

Despite EU sanctions, TurkStream pipeline deliveries continue

  • By Al Mayadeen English
  • Source: Agencies
  • 30 Sep 2022 00:33
  • 1 Shares
3 Min Read

South Stream Transport B.V. emphasized that the gas supply of various industries and millions of households in Turkey and European countries will not be affected in the short or long term.

  • x
  • TurkStream gas pipeline project
    TurkStream gas pipeline project

Despite the new EU sanctions imposed earlier in the month on TurkStream operator South Stream Transport B.V., which revoked the pipeline's operator of its export license, South Stream Transport issued a statement saying gas transportation would continue uninterrupted.

"As a result of the introduction of new sanctions, on September 18, 2022, the export license of South Stream Transport B.V., the operator of the TurkStream offshore gas pipeline, through which Russian gas is transported through the Black Sea to consumers in Turkey and European countries, was prematurely revoked," the statement read.

However, the company said, "The imposition of new sanctions does not preclude South Stream Transport B.V. from continuing to transport gas."

The operator emphasized that the gas supply of various industries and millions of households in Turkey and European countries would not be affected in the short or long term.

South Stream Transport B.V. has applied for the renewal of its export license and is currently awaiting a response from Dutch authorities, as per the company.

Related News

Russia reports thwarting Ukrainian drone attack on Turkstream pipeline

Iraq to supply 185,000 bpd via Iran-Turkiye pipeline: Reuters

Earlier this month, Turkish President Recep Tayyip Erdogan pointed fingers at Europe's sanctions against Russia as the reason behind their energy crisis. 

In June, Turkey announced it would not be joining the West in enforcing sanctions against Russia.

Kremlin Spokesperson Dmitry Peskov blamed sanctions imposed on Russia for its halt of gas deliveries to Germany via the Nord Stream pipeline. Russia accounted for approximately half of Turkey's own natural gas purchases last year, with Turkey vowing to gradually pay for Russian imports with rubles at a summit between the Turkish and Russian leaders in Sochi earlier this month.

Turkey's payment of Russian gas in rubles, avoiding the dollar, will protect the Turkish economy from its diminishing hard currency reserves. 

Analysts believe the deal will guarantee Russia's continued supply of gas to Turkey through the TurkStream pipeline running under the Black Sea, however, Erdogan disclosed that he did not expect Turkey to experience any energy deficits this year. "I think Europe will have serious issues this winter, we do not have such a situation," he said.

Global energy price surges caused by Russian supply interruptions themselves caused by the draconian EU sanctions on the country contributed to the economic crisis in Turkey that has witnessed annual inflation skyrocket to 80% and the lira plunge in value. 

Turkish officials so far have brushed off the inflation impacts, calling the price gains transitory and blaming the war in Ukraine for causing the global increase in food and commodity costs. Nevertheless, Turkey has the world’s deepest negative interest rates when adjusted for inflation, and with the lira down approximately 27% against the dollar this year, Turkey has become the worst performer in emerging markets.

  • TurkStream
  • Sanctions on Russia
  • Gas pipeline
  • Russia

Most Read

Hezbollah SG reveals war details on Al Mayadeen for the first time

Hezbollah SG reveals war details on Al Mayadeen for the first time

  • Politics
  • 8 Jul 2025
Major ambush in Gaza kills 6 Israeli troops, injures dozens

Major ambush in Gaza kills 5 Israeli troops, injures 14

  • Politics
  • 8 Jul 2025
Israeli soldiers are seen in Beit Hanoun ahead of an operation by the al-Qassam Brigades, undated (Al-Qassam Brigades Military Media)

'Israel' on blast as media exposes report discrepancies in Gaza ambush

  • Palestine
  • 8 Jul 2025
Yemen Navy sinks ETERNITY C ship, shares footage of operation

Yemen Navy sinks ETERNITY C ship, shares footage of operation

  • Politics
  • 9 Jul 2025

Coverage

All
The Ummah's Martyrs

Read Next

All
The Freedom Flotilla ship Handala as it departs for Gaza, where it aims to break the maritime blockade at a port in Syracuse, Sicily in southern Italy on July 13, 2025. (AFP)
Palestine

Freedom Flotilla's Handala departs Sicily in bid to break Gaza siege

The container ship CMA CGM Laperouse, left, docks at the Georgia Ports Authority's Port of Savannah, Sept. 29, 2021, in Savannah, Ga (AP)
Politics

US shipbuilding woes deepen as tariffs, outdated policies backfire

Gaza war raises ethical questions for ex-Obama, Biden officials
Politics

Mercenary firm tied to Gaza war crimes hires Obama-Biden PR operatives

'Israel' targets children in Gaza collecting water
Palestine

'Israel' strikes Gaza kids fetching water, blames it on 'malfunction'

Al Mayadeen English

Al Mayadeen is an Arab Independent Media Satellite Channel.

All Rights Reserved

  • x
  • Privacy Policy
  • About Us
  • Contact Us
  • Authors
Android
iOS