Select Page

Gazprom, Turkey Sign TurkStream Deal #Energy

Gazprom, Turkey Sign TurkStream Deal <a class="hashtagger" href="">#Energy</a>

Gazprom and Turkey have agreed on the terms for the construction of the land-based portion of the TurkStream pipeline, the Russian gas giant announced over the weekend.

“Long discussions resulted in an agreement to provide a discount amounting to 10.25% for gas supplies in 2015 and 2016,” Turkish President Recep Tayyip Erdoğan was quoted as saying by Russia’s Tass agency. “The difference in payments for those two years of USD 1 billion will be returned to the [Turkish] republic.”

Construction of the deepwater section of the pipeline, running under the Black Sea, was completed in April. First deliveries are expected in late 2019.


About The Author

Sigma Selected

Sigma Selected are independent of the news-gathering side of our organization.

More in Energy, Gazprom, Pipeline transport, Recep Tayyip Erdoğan
Turkish-US ties on collision course over F-35 jet issue
Turkish-US Ties on Collision Course Over F-35 Jet Issue #TurkeyUS

A framework agreement was reached between Turkish and U.S. diplomats in talks carried out in Ankara on May 25 on...