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Gazprom directors agree name change to Turk Akim Gaz Tasima AS

THE World’s giant Gazprom will soon change its name to Turk Akim Gas Tasim As, following the reviews of joint venture with Turkish company

Gazprom directors agree name change to Turk Akim Gaz Tasima AS

THE World’s giant Gazprom will soon change its name to Turk Akim Gas Tasim As, following the reviews of joint venture with Turkish company

13 September 2017 Wednesday 14:25
Gazprom directors agree name change to Turk Akim Gaz Tasima AS

By Azania Post Reporter

THE World’s giant Gazprom will soon change its name to Turk Akim Gas Tasim As, following the reviews of joint venture with Turkish company, the Russian Media has reported

According to report, Russian Gazprom's board of directors will review the formation of a joint venture on Sept. 21 with Turkey's Botas for the TurkStream natural gas pipeline project.

Russian business daily Vedomosti revealed that the joint project company would be named TurkAkim Gaz Tasima AS.

The newspaper also noted that the joint venture would be formed for the construction of the onshore section of the TurkStream natural gas project.

It is expected that the company will be created on a parity basis for the realization of the TurkStream project's second line on Turkish territory.

TurkStream project will start from the Southern Russian town of Anapa on the Black Sea coast. Pipes will be laid over a 900-kilometer route under the Black Sea to reach the Thrace region of Turkey along the Black Sea coast.

The company will send Russian gas to Turkey with the first of its two lines.

It was agreed that second line of the project will carry Russian gas to southern and southeastern Europe.Total capacity of the dual pipeline system is set to be 31.5 billion cubic meters.

More than 250 kilometers of the first line of TurkStream has already been constructed.

AA

Updated: 14.09.2017 11:39
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