President of the Russian Federation Vladimir Putin and President of Turkey Recep Tayyip Erdogan officially opened the Turkish Stream gas pipeline, RBC reports.
The ceremony of gas pipeline’s commissioning took place in Istanbul. Putin noted that this was an important event not only for the Russian Federation and Turkey, but for the entire European continent.
The Turkish Stream gas pipeline has a total capacity of 31.5 billion cubic meters. Its first line will provide Turkish consumers with a capacity of 15.75 billion cubic meters of Russian gas.
The second line will supply another 15.75 billion cubic meters of gas to Europe through Turkey, Bulgaria, Serbia and Hungary.
As we reported earlier, Ministers of Energy of Cyprus, Greece and Israel have signed the intergovernmental deal on the construction of EastMed pipeline.
Greece's Kostis Hadziakis, Cyprus's Jorgos Lakkotripis and their Israeli counterpart Yuval Steinitz put their signatures during the official procedure in Athens.
The pipeline will be laid across the Mediterranean Sea, from Israeli sea shelves via Crete and mainland Greece to Italy.
EastMed is expected to satisfy 10 percent of the EU's current needs in gas, cutting its energy dependence from Russia.