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Additional agreement made on TurkStream pipeline

Published by
World Pipelines,


A working meeting between Alexey Miller, Chairman of the Gazprom Management Committee, and Berat Albayrak, Minister of Energy and Natural Resources of the Republic of Turkey, took place on 31 August in Istanbul.

The parties reached an agreement on the earliest possible completion of the procedure for issuing authorisations required to launch the TurkStream project. The commercial negotiations on Russian gas supplies to Turkey will continue. In addition, the meeting participants discussed the main aspects of regional co-operation in the energy sector.

Background

On 1 December 2014, Gazprom and Turkey's Botas signed the Memorandum of Understanding on constructing the TurkStream gas pipeline. The pipeline will run 660 km along the old route of South Stream and cover 250 km of a new route toward the European part of Turkey. It is planned that the first gas pipeline string will be used exclusively for gas supplies to the Turkish market. The South Stream project provided for the construction of a gas pipeline heading to Southern and Central Europe across the Black Sea.

Edited from source by Stephanie Roker

Read the article online at: https://www.worldpipelines.com/project-news/02092016/additional-agreement-made-on-turkstream-pipeline/


 

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