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Gazprom and BOTAS to create joint venture for Turkish Stream

Gazprom will review the formation of a joint venture with Turkey's Botas.

Gazprom and BOTAS to create joint venture for Turkish Stream


Gazprom's board of directors will review the formation of a joint venture on September 21, 2017, with Turkey's Botas for the Turkish Stream gas pipeline project.

Russian business daily Vedomosti revealed that the joint project company would be named TurkAkim Gaz Tasima AS.

The daily also noted that the joint venture would be formed for the construction of the onshore section of the TurkStream natural gas project.

The company will be created on a parity basis for the realization of the TurkStream project's 2nd line on Turkish territory.

The TurkStream project will start from the Russian town of Anapa on the Black Sea coast.

Pipes will be laid over a 900-kilometer route under the Black Sea to reach the Thrace region of Turkey along the Black Sea coast.

The TurkStream will send Russian gas to Turkey with the 1st of its 2 lines.

More than 250 kilometers of the 1st line of TurkStream has already been constructed.

To read an article in Russian.

Source : Neftegaz.RU


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