News // Transportation and storage
Turkish parliament ready to approve the Turkish Stream
02 December 2016 , 16:38Neftegaz.RU519
Turkey's foreign relations commission has approved the bill ratifying the agreement between Russia and Turkey to build the undersea gas pipeline Turkish Stream, parliament’s official website announced Dezember 2, 2016.
It s expected that the bill will be submitted for approval at the plenary session of parliament before the prime minister Binali Yildirim visits Russia, scheduled for December 6-7, 2016.
Turkish Stream will directly connect the large gas reserves in Russia to the Turkish gas transportation network.
On December 1, 2014, Gazprom and Turkey's Botas signed the memorandum of understanding to built the line.
In September 2016, Gazprom received first permits for the project from the Turkish authorities, then the sides signed agreement on October 10, 2016.
Pipe-laying work for the Turkish Stream gas pipeline will begin in 2017 and end in late 2019, according to the Russian energy minister Alexander Novak.
18:27 18.01.2017Putin launched the Zapolyarye-Purpe, Kuyumba-Taishet oil pipelines and the Bovanenkovo-Ukhta-2 gas pipeline
14:12 18.01.2017Gazprom exports to Germany hit record high in 2016 and Turkey surge 25% in H1 January
13:00 16.01.2017Ukraine pays 20% more for EU gas than it would have paid to Russia
00:26 16.01.2017IMF: Oil-rich Russia needs either-or economic policies
16:16 13.01.2017Russia´s Novatek says its gas output declined by 2.7 % in 2016
18:03 12.01.2017Serbia under fire for Russian gas deals