Turkish Stream’s construction to start in 2018
By Trend
Construction of the Turkish Stream natural gas pipeline will
begin in 2018 after the latest intergovernmental agreement has been
signed this week, Sputnik International news agency quoted CEO of
Russia's Gazprom energy company, Alexei Miller as saying on
October11.
"According to our plan, construction itself will begin in 2018,"
Miller told Russia's Rossiya-24 broadcaster, noting that the
agreement signed on October 10 entered into force that day.
Russia and Turkey signed on Oct.10 an intergovernmental agreement
on a gas pipeline for deliveries of Russian natural gas to Turkey
and Eastern Europe.
Miller said his company would own 100 percent of the pipeline's
offshore section running below the Black Sea, adding that Gazprom
planned to finance the construction of its first and second legs. A
gas discount mechanism for Turkey announced by the Russian
president earlier will be linked to delivery volumes, the CEO
said.
"This mechanism is related to the volume of our gas supplies on the
Turkish market," Miller said.
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