South Stream Transport B.V. company, a 100-percent subsidiary of Russia’s Gazprom company signed an agreement with Switzerland’s Allseas Group S.A. Dec.8 on construction of the first line of Turkish Stream pipeline’s offshore section.
Under the contract, Allseas should lay over 900 kilometers of pipes along the seabed.
Russia and Turkey signed an intergovernmental agreement October 10 on the implementation of the Turkish Stream project.
The agreement envisages construction of two branches of the main gas pipeline under the Black Sea, the capacity of each branch being 15.75 billion cubic meters of gas.
One branch is meant to supply gas directly to the Turkish market and the other for the supply of gas by transit through Turkey to Europe. The intergovernmental agreement also stipulates that these two offshore branches should be built by December 2019.
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