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First stretch of Russia’s new gas pipeline to Turkey may be built in 2-3 years — minister

December 11, 2014, 12:47 UTC+3
The future gas pipeline to Turkey will take 12-18 months to design, Deputy Energy Minister Kirill Molodtsov said
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© ITAR-TASS/Vladimir Smirnov

MOSCOW, December 11. /TASS/. Future gas pipeline to Turkey will take 12-18 months to design, Deputy Energy Minister Kirill Molodtsov said.

The first stretch of Russia’s new gas pipeline to Turkey may be built in 2-3 years, Molodtsov added.

Russian energy giant Gazprom is holding talks in Ankara at the level of Gazprom Deputy CEO Alexander Medvedev on a gas price discount for Turkey, the company's spokesman Sergey Kupriyanov said earlier on Thursday.

The talks started in the middle of this week with the participation of Gazprom export head Yelena Burmistrova. The negotiations will continue next week, the sources said. Turkey’s Energy Minister Taner Yildiz said earlier that the country had hoped for a 6% discount.

Russia and Turkey are considering the possibility to build a liquefied natural gas terminal on the border between Turkey and Greece where the countries will also create a gas hub, Bloomberg reported Thursday, citing Yildiz.

Russia’s Energy Ministry will soon start negotiations on the location of the future gas pipeline to Turkey and of the gas hub, Minister Alexander Novak said Wednesday.

Gazprom will build the gas hub on the Turkey-Greece border under a new 63 billion cubic meter pipeline project made to replace the suspended South Stream across the Southern Europe, it announced earlier.

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