Projects

Alexey Miller, Chairman of Gazprom and Mehmet Konuk, Chairman Botas sign MOU (© 2014 Gazprom)
Alexey Miller, Chairman of Gazprom and Mehmet Konuk, Chairman Botas sign MOU (© 2014 Gazprom)

Ever more Russian gas bound for Turkey: Fallout from South Stream

Russia and Turkey have signed a Memorandum of Understanding to construct a new offshore natural gas pipeline from the Russian Federation across the Black Sea to Turkey. The pipeline will have a capacity of 63 billion cubic meters per annum with 14 billion cubic meters envisioned for the Turkish market and some 50 billion cubic meters for Europe.