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Turk Stream update: pipeline put on hold

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World dzԹ,


Gazprom dzԹ a Russian energy giant dzԹ has delayed the installation of its Turk Stream pipeline project due to TurkeydzԹs current political crisis.

GazpromdzԹs Deputy CEO Alexander Medvedev stated: "Due to the fact that the installation did not begin as planned, we are no longer speaking of December 2016.dzԹ

The Turk Stream proposed pipeline intends to hold an annual capacity of 63 billion m3 running from Russia to Turkey, beneath the Black Sea.

The Russian Energy Ministry stated recently that it expected an intergovernmental deal on the pipeline, signed after Turkey forms a new government in November.

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Read the article online at: /business-news/16092015/turk-stream-update-pipeline-put-on-hold/

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