In the Turkish stream will invest seven billion euros

В Турецкий поток вложат семь миллиардов евро

In the Turkish stream will invest seven billion euros

To build the offshore section will be the company with 100 percent Russian participation, and land – Turkish.

In two lines of the offshore section of Turkish stream will invest seven billion euros, said in the explanatory note to the Russian law on ratification of the intergovernmental agreement on the pipeline.

In the beginning of the month in Turkey was signed into law on Turkish stream, envisages the construction of two pipelines under the Black sea. The first branch will be for deliveries to the Turkish market, the second – for transit to Europe.

“The investment required to implement the project in two-line performance, including costs incurred earlier in the framework of the implementation of the offshore section of the South stream project, amount to about seven billion euros,” – the document says.

It is also noted that to build the offshore section will be the company with 100 percent Russian participation, and the land plot, which is created for the connection of the first offshore site with the existing gas transportation system of Turkey, a company with 100 percent Turkish participation.

Turkish President Recep Tayyip Erdogan today said that Moscow and Ankara are determined to stay the course for the intensive cooperation and after the assassination of the Russian Ambassador in Turkey Andrey Karlov.

Earlier it was reported that Russia has chosen the Builder of the first line of Turkish stream – the Swiss Allseas Group S. A.

It was also reported that the timing of the construction of the Turkish stream synchronized with the termination of the contract for gas transit through Ukraine. It is expected that the project will end in December 2019.

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