MOSCOW, December 8 (Sputnik) — Russia's energy giant Gazprom is setting up a new company, Gazprom Russkaya, which will be tasked with the building of a new pipeline to Turkey, Gazprom spokesman Sergei Kupriyanov said Monday.
"Gazprom is establishing a company to build a new gas pipeline to Turkey. The company will be registered in Saint Petersburg. Corresponding procedures have begun today. The enterprise is called Gazprom Russkaya, based on the name of the main compressor station Russkaya," Kupriyanov told reporters.
On December 1, Gazprom CEO Alexei Miller announced the construction of a new pipeline to Turkey with an annual capacity of 63 billion cubic meters of gas. A total of 14 billion cubic meters will be supplied to Turkey, with the rest being pumped to a hub on the Turkish-Greece border for customers in Southern Europe.
The announcement was made the same day as Russian President Vladimir Putin said that Russia was not willing to continue the implementation of South Stream pipeline project, designed to go under the Black Sea from Russia to Europe, in light of the European Commission's "non-constructive" stance on the matter.
