Russia and Turkey signed an agreement on “Turkish stream”

Russia and Turkey signed an agreement on “Turkish stream”

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Russian President Vladimir Putin and Turkish President Recep Tayyip Erdogan (left to right) during a meeting

Photo: Alexei Druzhinin/press-service of the Russian President/TASS

Russia and Turkey signed an intergovernmental agreement on construction of two sections of the “Turkish stream.” The document was signed by energy Ministers in the presence of presidents of both countries

Russia and Turkey signed the intergovernmental agreement on the project of the gas pipeline “Turkish stream”. This was stated by President of Turkey Recep Tayyip Erdogan after talks. The broadcast of the press conference leads the channel “Russia 24”.

Vladimir Putin said that Moscow and Ankara are moving towards a major energy hub in Turkey. “Pay attention that in this way we are moving towards the implementation of the plans of the Turkish President about creating in this country a major energy hub,” — said the Russian President.

Energy Minister Alexander Novak added that the onshore segment of the “Turkish stream” will own a Turkish company that appears in the construction of the second pipeline. Sea site will be to own company from Russia.

As reported the head of “Gazprom” Alexey Miller, the agreement envisages the construction of two pipelines under the Black sea. He said that the capacity of each line is 15 billion 750 million cubic meters of gas. One of them is provided to supply gas directly to the Turkish market, another thread for gas supplies transit through Turkey to European countries.

Miller said that, according to the document, sea threads should be constructed by December 2019.

Earlier on Monday, Russian President Vladimir Putin saidthat he discussed the “Turkish stream” with his counterpart Recep Tayyip Erdogan in Istanbul, where the world energy forum.

Prior to that, Putin and Erdogan discussed the project at the G20 summit in the Chinese Hangzhou in early September. Then they discussed the implementation of the construction of the gas pipeline “Turkish stream”, the expansion of Russian oil exports along the lines of “Rosneft”, and also the project of NPP construction “Akkuyu.”

On 7 September, the press service of Gazprom reported about obtaining of the first permission of the Turkish authorities for the construction of the offshore section of the pipeline.

In 2014, Putin during his visit to Ankara announced plans for the construction of the gas pipeline “Turkish stream” on the bottom of the Black sea. Negotiations on the project were suspended in November 2015, after the Turkish air force shot down a Russian su-24 bomber.

In June, the Kremlin published a letter to Erdogan with an apology, and in August following the meeting of the presidents of Russia and Turkey announced the resumption of work on the Turkish stream.