Gazprom's new gas route realizable: Energy min.
Turkey's energy minister said Russia's redirection of South Stream gas pipeline is realizable

The Turkish energy minister said Monday that the new Russian pipeline route through Turkey instead of the South Stream gas pipeline is realizable, rather than just a political maneuver, in a press conference in Istanbul.

Taner Yildiz, Turkey's energy boss, held a press conference with his Algerian counterpart Youcef Yousfi following a joint meeting. During the meeting, a liquefied natural gas deal from last month was agreed to extend Turkey's gas imports for 10 years to at least four billion cubic meters.

Last week, Russian president Vladimir Putin announced that Russia will halt the construction of its South Stream gas pipeline planned to pass through Bulgaria. He said a new route through Turkey will be used to reach a new gas hub on the Turkish-Greek border.

"It is a realizable project, if there is an agreement over technicalities," Yildiz said, and added, "That's why an agreement was signed to assign Turkish Petroleum Pipeline Corporation, BOTAS, and Gazprom, although there is no legal obligation on this agreement."

Russian energy giant Gazprom's South Stream project would be another transit line to deliver Russian gas to southern Europe countries through Ukraine, the Black Sea and Bulgaria, which was seen as further domination of Russia over European countries.

The western powers, mainly the EU, are in conflict with Russia over the crisis which erupted following Moscow's "aggression" over Ukraine. The EU accused Russia of rekindling the rebellion in eastern parts of the country through military support.

The newly redirected pipeline will have the same capacity of 63 billion cubic meters a year.

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Last Modified: 2014-12-08 15:11:15
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