Russia, Greece sign deal on Turkish Stream gas pipeline

Russia and Greece have signed a historic deal to collaborate on a joint enterprise for the construction of the Turkish Stream.

Russia, Greece sign deal on Turkish Stream gas pipeline

World Bulletin / News Desk

Russia and Greece have signed a historic deal to build construction of the Turkish Stream pipeline across Greek territory, Russian Energy Minister Aleksandr Novak said. The pipeline will have a capacity of 47 billion cubic meters a year.

According to RT, construction of the Greek section of the Turkish Stream pipeline will start in 2016 and be completed by 2019. Both countries will have equal shares in the company, Novak said at the St. Petersburg Economic Forum on Friday.

Construction of the pipeline in Greece will be financed by Russia, and Athens will return pay back the loan, he added.

"Our meeting today is a historical meeting... The memorandum expresses the readiness of both sides to bring the southern direction of the pipeline to implementation," Greek Energy Minister Panagiotis Lafazanis said.

Güncelleme Tarihi: 19 Haziran 2015, 11:08
YORUM EKLE