ATHENS (Sputnik) — Greek delegation intends to sign a political Russia-Greece agreement on the support of a pipeline with Russian gas on the territory of Greece during the St. Petersburg International Economic Forum, Lafazanis added.
Greek Prime Minister Alexis Tsipras is due to meet his Russian counterpart, Vladimir Putin, at the St. Petersburg International Economic Forum on Friday.
The proposed Turkish Stream project is a 1,090-kilometer (677-mile) Russian-Turkish natural gas pipeline running via the Black Sea. Its annual capacity after the anticipated December 2016 date of operability is estimated at 63 billion cubic meters.
Up to 47 billion cubic meters are expected to reach the planned Turkish-Greek gas hub near the Ipsala border checkpoint. Members of the European Union are then free to implement their own transport capacity for further gas distribution along their territory.
Athens hopes the project, agreed to in December 2014, will allow it to purchase gas at lower prices and benefit from transit revenues.
