Russian gov’t ratifies draft of Turkish Stream agreement
Baku, Azerbaijan, Dec. 16
The Russian government approved the draft law on ratification of the agreement with Turkey on the implementation of the Turkish Stream gas pipeline project, the Cabinet said, Sputnik reports.
According to a press release on the Cabinet's website, “the government decided at a meeting on Dec. 15 to approve the draft federal law on ratification of the agreement between Russia and Turkey on the Turkish Stream gas pipeline project and to send the document to the State Duma.”
On October 10, Russia and Turkey signed an intergovernmental agreement envisioning the construction of two underwater legs of the gas pipeline in the Black Sea.
The annual capacity of each leg is estimated to reach 15.75 billion cubic meters of natural gas. Pipe-laying work for the Turkish Stream is expected to begin in 2017 and end in late 2019.