Imtilak Properties
27-10-2016

After Turkey and Russia adopting of the draft agreement about the gas pipeline "the Turkish Stream" that would transit the Russian gas to Europe via the Turkish territory, Russia talked about the details related to the start of working according to this agreement, two weeks ago.

Alexey Miller, Chairman of the Management Committee in the Russian energy company Gazprom, predicted that the gas pipeline "the Turkish Stream" will be completed by the end of 2019. Miller’s declaration came after the meeting which gathered him with the Russian President Vladimir Putin yesterday, where the head of the Russian Committee sponsoring the project reported that the permits necessary to extend the gas pipeline, "the Turkish Stream," has been issued by the Turkish side. He also said that the two-branch pipeline may be completed in the late of 2019.

Details relating to the agreement

The "Turkish Stream" consists of two-branch gas pipeline with a capacity of 31.5 billion cubic meters (bcm); the first branch will supply gas directly to Turkey, while the second is to be used to deliver gas to European countries through Turkey.

Miller pointed out that the first branch will be allocated to Turkey with a capacity of 15.75 billion cubic meters (bcm) annually, while the second branch will be to the consuming countries in Europe.

Both Turkey and Russia have signed the agreement of "the Turkish stream project for natural gas" in the 10th of October during the 23rd World Energy Congress was held in Istanbul, the capital, after talks lasted nearly two years.