Putin ratified the agreement on “Turkish stream”


RIA Novosti

Russian President Vladimir Putin signed the law on ratification of agreement between Russia and Turkey on construction of the gas pipeline “Turkish stream”. The document published on the official portal of legal information.

Earlier in February, Deputy energy Minister Yuri sentjurin noted that the agreement provides for the creation of a favorable legal base, including taxation and customs regimes, for the design, construction and subsequent operation of the pipeline.

For its implementation will be the responsibility of “Gazprom” from the Russian side and the company Botas is the Turkish one. The validity of document 30 years with the perspective of prolongation for further periods of five years.

In January, the agreement signed by the two governments in October 2016, was ratified by the state Duma, and later approved by the Federation Council.

The document envisages the construction of two pipelines with a capacity of 15.75 billion cubic meters each in the bottom of the Black sea. One thread gas will be supplied to the Turkish market, and the second transit through Turkey to European countries. Commissioning of both lines must be held before the end of 2019.