After languishing for years, the TurkStream natural gas pipeline project has come to fruition with an intergovernmental agreement between Turkey and Russia.
Signed by Russian Energy Minister Alexander Novak and his Turkish counterpart Berat Albayrak, with Russian President Vladimir Putin and Turkish President Recep Tayyip Erdogan looking on, the pipeline will pump Russian gas under Turkish waters in the Black Sea towards Europe.
The agreement, which is scheduled for completion by 2019, will have one line that will carry gas to Turkey, and another to Europe.
The announcement came in the wake of Russia’s plans to build a nuclear power plant in Turkey, and as ties between the two countries become more normalized.
Plans to build TurkStream were announced rather dramatically by Putin in December 2014, after plans to build the South Stream pipeline in cooperation with EU countries fell through after years of planning.