Russia and Turkey have agreed on gas discount for
Turkish Stream, Vladmir Purin says
ISTANBUL,
October 10. /TASS/. Russia and Turkey have signed an intergovernmental
agreement on the Turkish Stream project.
The document was signed by the two countries’ energy
ministers after talks between Russian and Turkish Presidents, Vladimir Putin
and Recep Tayyip Erdogan, in their presence.
"The agreement
provides for the construction of two threads of the truck gas pipeline across
the Black Sea bottom," CEO of Russia’s gas giant Gazprom, Alexei Miller, told
journalists earlier in the day, adding that these threads are to be built by
December 2019.
After Russia abandoned
the South Stream project in 2014 over the European Union’s insistence on its
compliance with the so-called Third Energy Package, it was decided to launch an
alternative project - Turkish Stream. However talks on the project were soon
suspended over a chill in Russia-Turkey bilateral relations.
After the two countries
resumed full-format relations, the work on the Turkish Stream project was
continued.
The project provides for
the construction of a gas pipeline across the Black Sea bed to Turkey’s
European part, with further extension to the border with Greece. The seabed
section is about 910 kilometers and the mainland section in Turkey - 180
kilometers. The project cost was earlier estimated at 11.4 billion euro.
Gas discount
Russia and Turkey agreed
upon the gas discount within the Turkish Stream project framework.
"The new gas
pipeline system Turkish Stream is another major cooperation project. We also
agreed upon gas discount mechanisms within the framework of this project and
broadening of our cooperation," Putin said.
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