Baku, Azerbaijan, Dec.20
By Leman Zeynalova – Trend:
The volume of investments for the construction of both lines of the Turkish Stream gas pipeline has been revealed.
The investments needed for the full implementation of the Turkish Stream project, including the amount previously spent on the South Stream are estimated at 7 billion euros, according to the documents attached to the draft law on ratification of the intergovernmental agreement on the project, RIA Novosti reported.
Russia and Turkey signed an intergovernmental agreement October 10 on the implementation of the Turkish Stream project.
The agreement involves construction of two branches of the main gas pipeline under the Black Sea, the power of each branch being 15.75 billion cubic meters of gas.
One branch is provided to supply gas directly to the Turkish market, the other for the supply of gas by transit through Turkey to Europe. The intergovernmental agreement also stipulates that these two offshore branches should be built by December 2019.