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MOSCOW, May 29. /TASS/. The Turkish Stream project intended to pump Russian natural gas to Europe via Turkey has the chance to become the basis for gas supplies to the Balkans and the whole of Europe, Russia’s Permanent Envoy to the EU Vladimir Chizhov said on Friday.
"It is understandable that the gas pipeline already will not be called the Turkish Stream upon crossing Turkey’s border," the envoy said.
"I believe this project has fairly good chances to become the basis for gas supply not only in the Balkan region but also for the whole of Europe," the envoy said.
The Turkish Stream is designed to serve as an alternative to the South Stream gas pipeline project abandoned by Russia in December 2014.
The larger part of the Turkish Stream pipeline will run across the Black Sea and coincide with the South Stream route approved earlier.
Gazprom and Turkey’s Botas signed a memorandum of understanding on December 1, 2014 on building the pipeline’s offshore section across the Black Sea.
The Turkish Stream will have an annual capacity of 63 billion cubic meters, of which 47 billion cubic meters will be delivered to a new gas hub on the Turkish-Greek border.
Gazprom Russkaya company will be in charge of the Turkish Stream gas pipeline construction.