Bank Of Baku

Russia to cooperate with Turkey on new undersea gas pipeline: Putin

Russia to cooperate with Turkey on new undersea gas pipeline: Putin
# 18 February 2015 04:56 (UTC +04:00)

Speaking at a joint news conference in Budapest with Hungarian Prime Minister, Putin said that the South Stream gas pipeline, that was to have pumped Russian gas under the Black Sea and into southern Europe, was torpedoed by European objections.

In December, Russia scrapped the South Stream project that planned to carry gas under the western Black Sea to Bulgaria and further into European markets.

Russian President Vladimir Putin offered a new gas pipeline route via the Black Sea to reach Turkey's northwestern Thrace region, dubbed the Turkish Stream, which would also involve a gas hub at the Turkish-Greek border to transfer gas further into Europe

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