Gas starts flowing through the Turkish Stream pipeline in December, 2016

Saturday, May 9, 2015

Russian gas company Gazprom reported that the chief of the company Alexei Miller reached an agreement with Turkish Minister of Energy Taner Yildiz in Ankara on Thursday to deliver gas shipments through the Turkish Stream pipeline starting in December, 2016.

Earlier Turkey had expressed concerns over dependency on Russian gas and energy supplies.

Russian President Vladimir Putin's announced last year that Russia cancels the South Stream project and instead builds a second pipeline between Russia and Turkey. Later Greece too joined the agreement.

The Turkish Stream will deliver 63 billion cubic meters of natural gas annually of which 47 billion cubic meters goes to Europe and the rest will be used by Turkey.

Russian Energy Minister Alexander Novak said in mid-April that Russia wouldn't extend the transit contract with Ukraine after 2019.

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