Putin, Erdogan officially launch TurkStream gas pipeline - News Archive - PRIME Business News Agency - All News Politics Economy Business Wire Financial Wire Oil Gas Chemical Industry Power Industry Metals Mining Pulp Paper Agro Commodities Transport Automobile Construction Real Estate Telecommunications Engineering Hi-Tech Consumer Goods Retail Calendar Our Features Interviews Opinions Press Releases

Putin, Erdogan officially launch TurkStream gas pipeline

ISTANBUL, Jan 9 (PRIME) -- Russian and Turkish presidents Vladimir Putin and Recep Tayyip Erdogan officially launched the TurkStream gas pipeline on Wednesday.

Russian gas supplies through the TurkStream pipeline will contribute to EuropeТs energy security, Putin said at the launching ceremony.

УSupplies of Russian gas through the TurkStream will certainly be of great importance not only for the economy of Turkey and the Black Sea region, but will also have a positive impact on the development of many South European countries, and will also contribute to improving the energy security of Europe in general,Ф Putin said.

The TurkStream pipeline was designed to consist of two branches with a length of over 900 kilometers and a capacity of 15.75 billion cubic meters each. One of them, finished in May 2018, is to carry Russian gas to Turkey, while the other is to transit gas to the European countries through Turkey. Bulgartransgaz plans to build an extension of TurkStream to Europe by the end of 2020.

Russian Energy Minister Alexander Novak said the ministry expects that plans for construction of infrastructure in Bulgaria for the TurkStream will be implemented on time.

УToday, deliveries are already being made to Bulgaria, Macedonia, and Greece. Correspondingly, further transit will be in accordance with the declared terms that the Bulgarian side (stipulated),Ф he said.

Erdogan said that Russia remains the main supplier of gas for Turkey, and the countries will implement new joint energy projects.

УTurkeyТs demand for gas is growing. Russia is our main supplier, we received 400 billion cubic meters of gas from Russia. Our energy cooperation is very successful. We will continue to implement new projects with Russia,Ф Erdogan said.

Putin said that Russian gas giant Gazprom supplied 24 billion cubic meters of gas to Turkey in 2019.


09.01.2020 08:50
Share |
To report an error select text and press Ctrl+Enter
Central Bank Official Rate
1W 1M 1Y
EUR 80.4062 -1.0614 09 jul
USD 71.2379 -0.9340 09 jul
Stock Market Indices
1D 1W 1M 1Y
rtsi 1245.43 -0.19 14:33 08 jul
micex 2813.14 -0.43 14:33 08 jul
Stock Quotes in RUR
1D 1W 1M 1Y
gazp 197.96 -1.02 23:49 08 jul
lkoh 5464.00 -0.36 23:49 08 jul
rosn 365.85 -0.80 23:49 08 jul
sber 210.53 -1.90 23:49 08 jul
MICEX Ruble Trading
1D 1W 1M 1Y
EURTD 80.9375 -0.5700 14:59 08 jul
USDTD 71.3250 -0.2850 17:44 08 jul