Russia’s Federation Council Approves Turkish Stream Law

Business » ENERGY | February 1, 2017, Wednesday // 17:00| Views: | Comments: 0
  • Send to Kindle
Bulgaria: Russia’s Federation Council Approves Turkish Stream Law BGNES

The Federation Council of Russia has approved the law for the ratification of the agreement between the governments of Russia and Turkey on the Turkish Stream pipeline.

The agreement envisages the creation of a favourable normative and legal basis, including a tax and customs regime, for the design, construction and exploitation of the pipeline, stated Yuri Sentyurin, Russia’s Deputy Energy Minister.

Sentryuirin is responsible for the project in the Russian government.

Sentyurin explained that Turkish Stream is intended for the delivery of Russian gas to the territory of Turkey, as well as for Russian deliveries of blue fuel to EU member-states after 2019.

Sentyurin underlined that the new pipeline will not allow Russia to give up completely the transit of gas through Ukraine, but it will help “to considerably reduce the risks related to such transit”.

The agreement on Turkish stream was signed in Istanbul on October 10, 2016.

Energy » Be a reporter: Write and send your article
Tags: gas, energy, Russia, turkey, transit, EU, Turkish Stream, Ukraine, Sentyurin
Expats.bg All Are Welcome! Join Now!
Advertisement
Advertisement
Please, log in to post a comment.
» To the forumComments (0)
Bulgaria news Novinite.com (Sofia News Agency - www.sofianewsagency.com) is unique with being a real time news provider in English that informs its readers about the latest Bulgarian news. The editorial staff also publishes a daily online newspaper "Sofia Morning News." Novinite.com (Sofia News Agency - www.sofianewsagency.com) and Sofia Morning News publish the latest economic, political and cultural news that take place in Bulgaria. Foreign media analysis on Bulgaria and World News in Brief are also part of the web site and the online newspaper. News Bulgaria