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
Lebanese Ministry of Health: One person was killed in an Israeli airstrike on a car in the town of Burj Qalawieh, south Lebanon.
Al Mayadeen correspondent: The first ship of the Maghreb fleet delivering aid to break the siege on Gaza departs from the port of Gammarth in Tunisia.
Channel 12: Airspace closed at Ramon Airport due to fears of drone infiltration
IOF Spokesperson: Sirens sounded over an aircraft infiltration in the Bir Ora area, and details are being examined
Drone infiltration sirens sound north of the Gulf of Aqaba
Al Mayadeen's correspondent in Gaza: The Israeli occupation carried out five extremely violent raids on the western areas of Gaza City
Al Mayadeen's correspondent in Gaza: The Israeli occupation carried out major bombings in the Gaza Strip, the most violent since October 7
Yemeni Armed Forces spokesperson Brigadier General Yahya Saree: The missile force carried out a major operation using the Palestine 2 ballistic hypersonic missile, hitting several targets in occupied Yafa.
Sirens sound in large areas of occupied Palestine after a missile launch from Yemen was detected
Al Mayadeen's correspondent: 14 martyrs arrive at al-Shifa Hospital following Israeli massacre of al-Sultan Family north of Gaza.

Despite EU sanctions, TurkStream pipeline deliveries continue

  • By Al Mayadeen English
  • Source: Agencies
  • 29 Sep 2022 23:33
  • 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 plans new Balkan gas supply routes sidestepping Ukraine

Russia reports thwarting Ukrainian drone attack on Turkstream pipeline

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

The damaged building in the Katara neighborhood, Doha, Qatar, September 9, 2025 (Social media)

Hamas delegation survives Israeli assassination attempt in Qatar

  • Politics
  • 9 Sep 2025
Israeli police and rescue teams respond at the scene of a shooting attack where several people killed and injured in Jerusalem, Monday, Sept. 8, 2025 (AP)

Al-Quds shooting: 7 settlers killed, several critically injured

  • Politics
  • 8 Sep 2025
Pro-"Israel" conservative Charlie Kirk shot during Utah speech

Pro-'Israel' far-right Charlie Kirk shot dead during Utah speech

  • US & Canada
  • 11 Sep 2025
Uprising against Volker Turk at the Human Rights Council over Gaza.

Uprising against Volker Turk at the Human Rights Council over Gaza

  • Politics
  • 12 Sep 2025

Coverage

All
The Ummah's Martyrs

Read Next

All
People protest against Israeli Prime Minister Benjamin Netanyahu during the 79th session of the United Nations General Assembly, in New York, on Friday, September 27, 2024 (AP)
Politics

'Israel' stops unfunded diplomacy ahead of UN, October 7 memorial

An Israeli Air Force fighter jet releases flares over the Gaza Strip, is seen from southern occupied Palestine, Thursday, May 8, 2025 (AP)
Politics

OIC summit draft: Israeli attack on Qatar risks normalization

People shout slogans and hold Palestinian flags while protesting during the twenty-first stage of La Vuelta cycling race from Alalpardo to Madrid, Spain, Sunday, Sept. 14, 2025. (AP)
Sports

Pro-Palestine protests force abrupt end to Vuelta a España finale

Damage is seen after an Israeli strike targeted a compound that hosted Hamas' political leadership in Doha, Qatar, on Wednesday, September 10, 2025 (AP)
Politics

Israeli regime faces growing isolation over Qatar strike: Reports

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