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Russia, Turkey may sign agreement on new gas pipeline

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Turkey oil pipeline
Pipeline   The first batch of gas should be supplied in December 2016

Russia and Turkey may sign an intergovernmental agreement for the new gas pipeline in April–June, and the first batch of gas should be supplied via the pipeline in December 2016, Russian gas giant Gazprom said.

"We have agreed to organize our work in such a way so that the intergovernmental agreement for the pipeline could be signed in April–June, and the first gas could be supplied to Turkey in December 2016," the company said.

Gazprom and Turkish state-owned company Botas will prepare a joint schedule of implementation of measures for the pipeline's construction within a week.

"Gazprom will implement the pipeline's deep-sea part on its own. Gas transportation capacities on the territory of Turkey will be constructed jointly. Botas is approved as authorized company from the Turkish side," the statement said.

The capacity of the pipeline's first thread will reach 15.75 billion cubic meters per year, and the whole capacity will be supplied to the Turkish market.

Russia cancelled building the South Stream pipeline which was supposed to carry Russian gas to Europe, bypassing Ukraine on December 1, 2014, and President Vladimir Putin blamed the E.U. unwillingness to permit the construction for the project on its closing. Instead, Russia decided to construct a new pipeline that will run to the Turkey-Greece border under the Black Sea.

On January 14, Gazprom head Alexei Miller informed E.U. Commissioner for Energy Union Maros Sefcovic that Russia will redirect all gas supplies to the E.U., which are currently going through Ukraine, to the yet-to-be-built pipeline.


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