Legal Framework for TurkStream Established

Source: www.gulfoilandgas.com 10/10/2016, Location: Asia

The Agreement on the TurkStream project between the Government of the Russian Federation and the Government of the Turkish Republic was signed today in Istanbul, where the 23rd World Energy Congress is underway.

The document provides for the construction of two strings of the gas pipeline from Russia to Turkey across the Black Sea, as well as an onshore string for gas transit to Turkey's border with neighboring countries.

“The document signed today is extremely important as it sets out the legal framework for the TurkStream project. The Agreement has been prepared in an unprecedentedly short period of time, which shows the strong commitment of both sides to deliver the project as soon as possible.

This is entirely understandable because the TurkStream gas pipeline will substantially enhance the reliability of gas supply to Turkey, as well as southern and southeastern Europe,” said Alexey Miller, Chairman of the Gazprom Management Committee.


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