Baku, Azerbaijan, Sept.11
By Rufiz Hafizoglu - Trend:
Turkey has totally frozen the 'Turkish Stream' project, Hurriyet newspaper reported citing sources at the country's Ministry of Energy and Natural Resources.
The reason given for Ankara freezing the 'Turkish stream' project is the fact that the parties cannot agree on the details of the construction of this gas pipeline and discounts for Russian gas.
The article said that the parties might resume negotiations on the construction of the 'Turkish Stream', but the exact date of the resumption of negotiations is not yet known.
The project for 'Turkish Stream' involves the construction of gas pipeline, which would run from Russia to Turkey through the Black Sea and would have a capacity of 63 billion cubic meters of gas a year.
There will be four gas pipeline strings at a capacity of 15.75 billion cubic meters of gas each.
The gas, which is to go via the first string, is completely meant for Turkish market, while the remaining volumes will be brought to Turkey's border with Greece, where a gas hub is to be located.
Originally the pipeline's construction was to start in June, but the project is being still discussed.
Edited by CN
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