The TurkStream pipeline, due to supply Russian gas to Turkey via the Black Sea from next year, is already 80 percent complete, the CEO of the Russian gas giant Gazprom said on Aug. 30.

“The realization of large-scale Gazprom export projects to Europe are continuing,” CEO Alexei Miller said in comments carried by Russian news agencies, according to AFP.

“There is the Turkish Stream gas pipeline: 1,500 kilometers (930 miles) of pipe, around 80 percent of the line” has been assembled, he said during a meeting.

Over the first eight months of the year, Gazprom exported over 133 billion cubic meters of gas to Turkey and the EU — up 5.6 percent on the same period of the previous year, Miller said.

The Russian giant continues to announce record export volumes to the region, where it generates a sizeable portion of its profits.

On Aug. 29, Gazprom announced an increase of 65 percent to its net profits in the first half of 2018, to 630.8 billion rubles ($9.2 billion, 7.9 billion euros).