Russia, Greece sign deal on Turkish Stream gas pipeline

June 19, 2015

Russia and Greece have signed a deal to create a joint enterprise for construction of the Turkish Stream pipeline across Greek territory, Russian Energy Minister Aleksandr Novak said.  Greek Energy Minister Panagiotis Lafazanis said the Friday meeting was “historical”. The pipeline will have a capacity of 47 billion cubic meters a year.

The Greek extension of the Turkish Stream project is called the South European pipeline in the memorandum signed on Friday, Novak said at the St. Petersburg Economic Forum (SPIEF). Construction will start in 2016 and be completed by 2019.

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