Putin and Erdogan give green light for Turkish Stream

Moscow and Ankara sign agreement on Turkish Stream gas pipeline project in Istanbul
Putin and Erdogan give green light for Turkish Stream
11 October 10:23 2016 Print This Article

Moscow and Ankara reached agreement on Turkish Stream gas pipeline project. The document was signed in Istanbul on Monday in the presence of both Russian President Vladimir Putin and Turkish President Recep Tayyip Erdogan.

“You now witnessed the signing of the intergovernmental agreement on the construction of the Turkish Stream. As part of this project and the broadening of our cooperation, we agreed on a mechanism by which to provide a discount on gas [to Turkey],” Putin said at the press conference following the signing of the agreement.

According to Mr Novak, Gazprom and Turkish energy giant Botas have already been tasked with working out the amount of the discount, reports RT.

The intergovernmental agreement was signed by Russian Minister of Energy Alexandr Novak and Turkish Minister of Energy and Natural Resources Berat Albayrak following the meeting between the heads of states.

Earlier on Monday, Turkey’s President Tayyip Erdogan said the country continues discussing the Turkish Stream gas pipeline project with Russia and is rather positive about it prospects.

“We continue discussing with Russia the project of the Turkish Stream gas pipeline, by which gas we currently receive through the Balkans will come directly across the Black Sea. And we look positively at this project,” the Turkish president said.

The Turkish Stream project was announced in the end of 2014 by Russian President Vladimir Putin on his state visit to Turkey. The pipeline is expected to run below the Black Sea from Russia to Turkey and continue to a hub on the Turkish-Greek border, from where the gas could be transferred to Southern Europe.

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