Gas: Greece-Russia accord on gas pipeline Turkish Stream

Along Greek territory, Moscow lends 100% expenses

19 June, 12:13

    (ANSAmed) - ROME, JUNE 19 - Russia and Greece signed a deal for a section of the so-called Turkish Stream gas pipeline on Friday, Kathimerini online reports quoting Russian media. The deal was signed between energy ministers Alexander Novak of Russia and Panagiotis Lafazanis of Greece, for a pipeline with a capacity of 47 billion cubic meters a year. Moscow, according to Novak, will give Athens a loan covering 100% of expenses of the gas pipeline and Gazprom will not control that section.

    Construction of the Greek section of the Turkish Stream pipeline will start in 2016 and be completed by 2019. The two countries will have equal shares in the company, Novak was quoted by RT as saying at International Economic Forum in St. Petersburg on Friday. "Our meeting today is a historical meeting... The memorandum expresses the readiness of both sides to bring the south direction of the pipeline to implementation," Lafazanis said. (ANSAmed).

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