Gazprom, a Russian firm, has announced plans to build the offshore part of the Turkish Stream gas pipeline under the Black Sea.
This has come following a meeting between Gazprom CEO Alexey Miller and Turkish Energy and Natural Resources Minister Taner Yildiz after looking at the preliminary feasibility study of the pipeline and approval of the new route.
In December 2014, Gazprom inked MoU with Turkey’s Botas Petroleum Pipeline for the construction of the Turkish Stream gas pipeline.
Miller said: "The joint construction of the gas transportation facilities within such an important project would create the strategic infrastructure partnership between Gazprom and Botas.
"Our priorities: to study the route’s options in Turkey, to define the location of the landfall facilities, gas delivery points for Turkish consumers and border crossings between Turkey and Greece."
An agreement between the two countries on the gas pipeline will be signed in the second quarter of 2015 .
The first gas is expected to be delivered to Turkey in December 2016.