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Russia Will Lay A Maritime Gas Pipe With Turkey

Apr 25, 2017

Alexei Miller, the CEO of Gazprom said that Russia reached an agreement on construction of gas pipe with Turkey on December 1.According to the agreement, Russia will lay a maritime gas pipe whose transmission capacity will be 63 billion cubic meters per year.The pipe will cross through Turkey and end at the border of Greece. Through the pipe, Turkey can receive 14 billion cubic meters of gas from Russia every year. And Russian gas can also enter into the market of Southern Europe.
Miller expressed that besides, Russia also decided to reduce prices of gas which was supplied to Turkey so that the prices of gas supplied to Turkey would stay the same as that to Germany.
 It was reported that Gazprom was preparing for lay a gas pipe jointly with Turkish enterprises. Miller pointed that if Turkish enterprises show their interests on cooperation, Gazprom would establish a joint venture with them.
When referring to South Stream gas pipe, Miller said that the program had already failed. Russia would not prepare for continuing carrying out the program.
Previously, on a press conference, Putin, the Russian President professed that South Stream gas pipe could not continue being implemented under current situations.
Moreover, Russia and Turkey also confirmed jointly that they would improve current transmission capacity of Blue Stream gas pipe. It is predicted that annual transmission capacity will be increased from 16 billion cubic meters to 19 billion cubic meters by the end of December.

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