Turkish Stream project to be implemented upon thorough analysis
Baku, Azerbaijan, Feb. 3
By Anakxanum Hidayatova - Trend:
The Turkish Stream project will be implemented on the basis of a thorough analysis of the balance of expense and profit of Russian and Turkish partners, Russian Ambassador to Azerbaijan Vladimir Dorokhin told Trend Feb. 2, commenting on the possibility of implementing the project.
The diplomat stressed that the project is commercial. Dorokhin said the embassy does not consider it necessary to comment on the possible agreements of the sides.
During the talks in Turkey on December 1, 2014, Russian President Vladimir Putin talked about ceasing the South Stream gas pipeline from Russia to Bulgaria. A new project was immediately initiated, designed for Turkey and consumers of the EU countries, capable to take the required volumes from the trading hub on the border between Turkey and the EU (Greece).
On Jan.23, Russian Sberbank declared its readiness to finance the construction of the Turkish stream gas pipeline.
Prior to that, Gazprom defined the route of the Turkish stream pipeline along the bottom of the Black Sea. The capacity of four lines of the pipeline will be 63 billion cubic meters of gas annually.
It is planned that the first branch of the "Turkish stream" with a pumping capacity of 15.75 billion cubic meters of gas per year will stretch to the territory of Turkey by December 2016.
The gas pipeline will pass 660 kilometers in the old corridor of South Stream and 250 kilometers in the new corridor in the direction of the European part of Turkey.