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Erdogan, Putin sign agreement on Turkish Stream gas pipeline project

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Baku, October 12, AZERTAC

Turkey and Russia on Monday signed an inter-governmental agreement on realizing construction of the planned Turkish Stream gas pipeline to pump Russian gas under Turkish waters in the Black Sea towards Europe.

The agreement was signed by Russian Energy Minister Alexander Novak and Turkish counterpart Berat Albayrak, in the presence of Russian President Vladimir Putin and Turkish President Recep Tayyip Erdogan after their talks in Istanbul.

The chief executive of Russian gas giant Gazprom, Alexei Miller, had said ahead of the signing that the agreement foresees the construction of two lines of pipe on the bed of the Black Sea.

The project, announced by Putin during a December 2014 visit to Turkey, will carry gas from Russia under the Black Sea to Turkish Thrace. One line, with a 15.75 billion cubic meters capacity, is expected to supply the Turkish market with a second carrying gas to Europe.

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