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December 2018
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Tuesday, 20 November 2018 13:00

TurkStream gas pipeline’s offshore section completed

TurkStream gas pipeline’s offshore section completed

President of the Russian Federation Vladimir Putin and President of Turkey Recep Tayyip Erdogan have taken part in a ceremony marking the completion of TurkStream gas pipeline’s offshore section, Caspian Energy News (www.caspianenergy.net) reports with reference to the press office of the President of the Russian Federation.

“Relations between Turkey and Russia have reached their peak. This is reflected in our energy cooperation. We are now witnessing yet another step in this direction – the TurkStream gas pipeline. The land and the sea area of the Russian Federation and of Turkey will be ready for the operation of the TurkStream gas pipeline in 2019 after tests are carried out. The pipe is expected to transport 31 billion cubic metres of natural gas per year”, Recep Tayyip Erdogan said at the ceremony.

According to Recep Tayyip Erdogan, this project has many benefits for the region as a whole.

“Our countries’ complementary economies give us another opportunity. We can use this to our advantage to develop our bilateral trade. Last year it grew 30 percent. We aim to increase it to $100 billion”, President Erdogan said.

“We are taking part in a truly signal event that testifies to the effectiveness of our countries’ partner-like cooperation in accomplishing the most difficult and ambitious projects”, Vladimir Putin said.

“I would like to remind you that the agreement on building TurkStream was signed here, in Istanbul, on October 10, 2016. Barely two years after the start of this large-scale venture, we have completed its most difficult part. It was really a very serious and challenging job – to build the deep-water part of the new gas pipeline. It goes without saying that the launching of Turk-Stream will allow our countries to drastically expand cooperation in the gas sector, will have great significance for Turkey’s economic development, and will also become an important factor in maintaining common European energy security.

I am confident that Turk-Stream, just like our other joint strategic project, Turkey’s first Akkuyu Nuclear Power Plant, will become an outstanding symbol of the progressive development of the Russian-Turkish diverse partnership and a pledge of friendship between our nations”, Vladimir Putin said.

More details: http://en.kremlin.ru/events/president/news/59152

Person in charge of the newsline: Olga Nagiyeva 

 

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