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Investments in Turkish Stream construction estimated at €7 billion

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Investments in Turkish Stream construction estimated at €7 billion

Investments required to implement the Turkish Stream project amount to €7 billion, follows from the documents accompanying to a bill on ratification of the intergovernmental agreement between Russia and Turkey.


“The investments required for the implementation of the project for two pipeline strings, including costs incurred earlier in the framework of the implementation of an offshore section of South Stream project, amount to 7 billion euro,” - stated in the documents.

Earlier, the government submitted to the Parliament a bill on ratification of the agreement on the Turkish Stream.

On the 16th of December, the Russian government approved the bill on ratification of the agreement on Turkish Stream construction, before that the bill had been approved by the Commission for Legislative Activities.

Turkish Stream is a project of a gas pipeline from Russia to Turkey across the Black sea and then to Turkey's border with neighboring countries. The first string of the gas pipeline is intended for the Turkish market, while the second one is designed to supply gas to Southern and South-Eastern Europe.

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