...

Russian Federation Council ratifies deal on Turkish Stream

Oil&Gas Materials 1 February 2017 12:33 (UTC +04:00)
Russian Federation Council, the upper house of the Federal Assembly, has ratified the agreement with Turkey on the Turkish Stream gas pipeline project.
Russian Federation Council ratifies deal on Turkish Stream

Baku, Azerbaijan, Feb.1

By Leman Zeynalova – Trend:

Russian Federation Council, the upper house of the Federal Assembly, has ratified the agreement with Turkey on the Turkish Stream gas pipeline project, RIA Novosti reported.

State Duma, the lower house of the Federal Assembly ratified the deal on Jan.20.

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.

---

Follow the author on Twitter: @Lyaman_Zeyn

Tags:
Latest

Latest