Alexey Miller, Chairman of the Gazprom Management Committee and Mehmet Konuk, Chairman of the Board of Directors of Botas Petroleum Pipeline Corporation yesterday, signed in Ankara a Memorandum of Understanding on constructing an offshore gas pipeline across the Black Sea towards Turkey.
The Memorandum was signed in the presence of Vladimir Putin, President of the Russian Federation and Recep Erdogan, President of the Republic of Turkey. The new gas pipeline will have a capacity of 63 billion cubic meters, with 14 billion cubic meters slated for Turkish consumers (identical amount is being delivered via the Balkan Corridor) and nearly 50 billion cubic meters conveyed to the border between Turkey and Greece, where a delivery point will be arranged.
The Russkaya compressor station being under construction in the Krasnodar Territory will serve as the pipeline starting point.