Progress between Russia and Turkey on New Gas Pipeline

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Progress between Russia and Turkey on New Gas Pipeline

Fri, 01/30/2015 - 11:01
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Signing of MOU between Gazprom and Botas in Dec. 2014 (© 2014 Gazprom)
Signing of MOU between Gazprom and Botas in Dec. 2014 (© 2014 Gazprom)

Gazprom Chairman Alexey Miller and Turkish Minister of Energy and Natural Resources Taner Yildiz announced during a meeting in Ankara that they have agreed on the trajectory of the new natural gas pipeline to run from Russia to Turkey on the floor of the Black Sea.

600 km of the pipeline will be constructed along the route once planned for the now defunct South Stream pipeline; the remaining 250 km will be built in a new corridor to the European part of Turkey. Gazprom will be responsible for building the first 600 km, while Gazprom and Botas, the state-owned pipeline operator in Turkey, will jointly develop the last section of the pipeline.

Miller said an Intergovernmental Agreement on the pipeline would be signed during the second quarter of this year and that gas would start being shipped to Turkey by December 2016. The Gazprom Chairman declared the deadline to be "absolutely real."

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