Gazprom and Botas sign MOU for pipeline
Published by Elizabeth Corner,
Senior Editor
World Pipelines,
Russia's Gazprom and Turkey's Botas have signed a memorandum to build an undersea pipeline to Turkey with a capacity of 63 billion m3/y, according to Gazprom CEO Alexei Miller.
He said 14 billion m3/y out of the total volume would go to Turkey, equivalent to roughly the volume it currently buys.
Separately, Russian Energy Minister Alexander Novak said that Turkey was seeking a 15% discount for Russian gas. President Vladimir Putin said on Monday that Turkey would get a 6% discount starting next year.
Russia and Turkey have signed eight joint documents on co-operation in various branches of economy as part of President Vladimir Putin’s state visit to Turkey.
Gazprom and Turkey’s BOTAS Petroleum Corporation signed a memorandum of understanding while the Russian and Turkish energy ministers put their signatures under the protocol of the 13th mixed inter-governmental Russian-Turkish commission for trade and economic co-operation.
The Russian Energy Agency of the Russian Energy Ministry and the Turkish Ministry of Energy and Natural Resources also signed a memorandum of understanding on energy efficiency, energy saving and renewable sources of energy.
Edited from various sources by Elizabeth Corner
Read the article online at: https://www.worldpipelines.com/project-news/02122014/gazprom-and-botas-sign-mou-for-pipeline/
You might also like
The World Pipelines Podcast
Juan Caballero, Chair of the AMPP Board of Directors, talks about AMPP’s global efforts to prevent corrosion and to protect assets, offering insight into how the association listens to its members and serves the pipeline industry.
Listen for free today at www.worldpipelines.com/podcasts or subscribe and review on your favourite podcast app.
T.D. Williamson announces strategic investment from Apollo Funds
T.D. Williamson (TDW), a global leader in pipeline infrastructure technology and services, have announced a strategic investment from funds managed by Apollo.
