Law on “Turkish Stream” agreement ratification signed

Law on “Turkish Stream” agreement ratification signed
Tags: Photo source:

President of Russia, Vladimir Putin, signed the law on ratification the agreement on the “Turkish Stream” main project.

The document has been published on the official legal information website. The agreement provides the creation of the favourable regulatory and legal framework including taxation and customs preferences for the main’s designing, construction and further operation.

To remind you, the "Turkish Stream" main pipeline is designed for the Russian gas delivery to Turkey and to the territory of the EU states after 2019. It will give the opportunity to decrease the risks connected with gas transportation via Ukraine.

The agreement was signed in Istanbul on October 10, 2016. The pipeline will consist of two lines with the overall capacity of 31.5 bln cubic meters of gas a year. The lines are planned to be put in operation before December 30th, 2019.