Send to Kindle
Financial Tribune
Russian energy giant "Gazprom" announced that it has signed a protocol with the Turkish government to build a road section of the gas pipeline "Turkish Stream".
The signed protocol is the basis for the beginning of the construction of a land section of the gas pipeline on Turkish territory, according to BGS.
The "Turkish Stream" should start from the east coast of the Black Sea, along the seabed to northwest Turkey and then continue on the land route. The initial plan was for four pipes - two of them only for Turkey and two- from the Balkans to Europe. On October 10th, 2016 a contract for a pipeline was signed for Turkey with a capacity of 15.75 billion cubic meters per year, with the combined capacity of the second pipe reaching 31 billion cubic meters. It is foreseeable the possibility of expanding to four pipes with a total omission of 63 billion cubic meters of gas per year - as planned for South Stream.
Until now, Ankara has postponed the issuing of an order for construction of the pipeline's ground route because of the dispute over the price of Russian gas imported to Turkey.
Gazprom's announcement came after Turkish President Recep Tayyip Erdogan said Ankara and Moscow had reached an agreement to adjust the price of allotted Russian gas for 2015 and 2016, with which Russia would return $ 1 billion to Turkey.
"After long talks, an agreement has been reached to a price adjustment of 10.25% for distributions in 2015 and 2016 gas. The difference in the amount paid for two years, which is $ 1 billion will be returned to Turkey," Erdogan said.
We need your support so Novinite.com can keep delivering news and information about Bulgaria! Thank you!
Turkey has officially applied to join BRICS, an economic alliance originally consisting of Brazil, Russia, India, China, and South Africa
In the first half of 2024, Western allies, including Bulgaria, the European Union and the United States, purchased around 2 billion dollars worth of oil products from Turkey that were refined from Russian crude oil
An explosion at a pasta factory in Hendek, Sakarya, Turkey
Stoltenberg reflected on his 10-year tenure, citing February 24, 2022, when Russia launched its full-scale invasion
Ukraine's air defense successfully intercepted 72 of the 76 Russian Shahed drones launched during the night of 13-14 September
Ukrainian President Volodymyr Zelensky reported that Russian counterattacks in the Kursk region, which was partially reclaimed by Ukrainian forces following their major incursion last month, have not yet achieved significant success
The Bulgarian government has decided to extend compensation for high electricity costs to all non-household consumers by the end of the year
A lot has changed in the past few decades, since online casinos were first created.
Vestbee, Europe’s leading platform for startups, VCs, accelerators, and corporates, has just released its VC Funding in the CEE Report for Q2 2024
In the first half of 2024, Western allies, including Bulgaria, the European Union and the United States, purchased around 2 billion dollars worth of oil products from Turkey that were refined from Russian crude oil
Easily register your business in Europe with Motion by Visible company.
When newbies are trying to get rolling in Forex sales, they have to be aware that each link in the trading chain is crucial for success.
Bulgaria Ranks Second in the Balkans at Paris 2024 Olympics, 26th Overall
Bulgaria Leads Europe in Heat-Related Deaths in Record-Breaking 2023
