Yesterday Alexey Miller, Chairman of the Gazprom Management Committee and Mehmet Konuk, Chairman of the Board of Directors of Botas Petroleum Pipeline Corporation signed in Ankara a Memorandum of Understanding on constructing an offshore gas pipeline across the Black Sea towards Turkey.
The Memorandum was signed in the presence of Vladimir Putin and Recep Erdogan, President of the Republic of Turkey. The new gas pipeline will have a capacity of 63 billion m3, with 14 billion m3 slated for Turkish consumers and nearly 50 billion m3 conveyed to the border between Turkey and Greece, where a delivery point will be arranged.
Adapted from a press release by Joe Green