Russia signed a preliminary $2.27 billion (2 billion euro) agreement on building a pipeline through Greece, according to Bloomberg. The section of the Turkish Stream in Greece will have annual capacity of 47 billion cubic meters. Construction will start in 2016 and is expected to be completed set for 2019, according to Russian Energy Minister Alexander Novak. Russia’s development bank will own 50% of the link and will do all of the financing, and Greece will own the rest. Russia’s Gazprom will not hold a stake in the section crossing Greece, according to Novak. “The pipeline is not against …read more
Source: Business Insider
