Ankara ratifies Turkish Stream project

Turkey’s President Recep Tayyip Erdogan signs a bill ratifying Turkish Stream gas pipeline project
Ankara ratifies Turkish Stream project
06 December 11:45 2016 Print This Article

Turkish President Recep Tayyip Erdogan has signed a bill ratifying the agreement with Russian on the Turkish Stream gas pipeline’s construction project. The document has been published in the government’s official Resmi Gazete.

Moscow and Ankara signed an intergovernmental agreement on Oct. 10 seeking to implement the Turkish Stream project which provides for construction of two strings across the Black Sea with annual capacity of 15.75 billion cubic meters of Russian natural gas.

One of the strings is expected to supply gas directly to the Turkish market; while the other will supply gas to Europe. The Moscow-Ankara agreement also stipulates that both offshore strings should be built by Dec. 2019.

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