The 1120 km offshore/onshore Turkish Stream Pipeline To Commence Groundbreaking in 2017

Time to read
less than
1 minute
Read so far

The 1120 km offshore/onshore Turkish Stream Pipeline To Commence Groundbreaking in 2017

Tue, 01/31/2017 - 10:41
Posted in:
0 comments
The 1120 km offshore/onshore Turkish Stream Pipeline To Commence Groundbreaking in 2017 (Wikipedia / Moscowjob.net)
The 1120 km offshore/onshore Turkish Stream Pipeline To Commence Groundbreaking in 2017 (Wikipedia / Moscowjob.net)

Turkish Stream, moving in fits and starts since its inception several years ago, has been ratified by Russia's Lower House of Parliament, or State Duma, this past Friday.

The State Duma's action paves the way for Russian gas to be delivered to Turkey and ultimately to Western Europe.

Russian President Vladimir Putin initiated the Turkish Stream project in 2014, and sealed the agreement with his Turkish counterpart in Istanbul in October 2016 foreseeing the construction of two underwater legs of the gas pipeline.

The project, put on hold after Turkey downed a Russian warplane in November 2015 near Turkish-Syrian border, was brought back onto the agenda in June 2016 when Moscow and Ankara agreed to revive their relations.

Russia’s Lower House of Parliament, or State Duma, on Friday approved the ratification of an agreement on a Turkish pipeline between to deliver its natural gas to Turkey and European markets through the Black Sea.

The annual capacity of Turkish Stream will be 31.5 billion cu meters of natural gas, with half of this amount going first to Turkey and the rest to Western Europe.

Both Russia and Turkey will share the investment cost of approximately 7 billion euros.

Add new comment

The content of this field is kept private and will not be shown publicly.

Text only

  • No HTML tags allowed.
  • Lines and paragraphs break automatically.
  • Web page addresses and email addresses turn into links automatically.
CAPTCHA
This question is for testing whether or not you are a human visitor and to prevent automated spam submissions.