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Russia, Greece confirm feasibility of building Turkish Stream pipeline in Greek territory

August 11, 2015, 14:20 UTC+3 MOSCOW

Russian Energy Minister Alexander Novak held a telephone talk with his Greek counterpart Panos Skurletis on Tuesday to discuss the pace of implementing the documents signed in June

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© ITAR-TASS/Vladimir Smirnov

MOSCOW, August 11. /TASS/. Russian and Greece have confirmed feasibility of developing new gas transport infrastructure in the territory of Greece for Russian natural gas supplies to European consumers during the telephone talk of energy ministers of both nations, Russian Energy Ministry said on Tuesday.

The parties discussed the progress of implementing the memorandum of cooperation in construction and operation of the gas pipeline in Greece and the schedule of gas pipeline construction signed at the St. Petersburg International Economic Forum on June 18-19, 2015.

The energy ministers agreed to continue an intensive dialog, including in the format of a special Russian-Greek working group for energy that had been established.

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 is expected to 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.

Infographics Russia's gas pipelines to Europe by 2018

Russia's gas pipelines to Europe by 2018

Russia's gas giant Gazprom intends to completely abandon gas supplies to Europe through Ukraine after 2018 with the help of a new pipeline to Turkey. Infographics by TASS, 2015

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