Greece joins the "Turkish stream"

Head of energy Alexander Novak and his colleague from Greece Panagiotis Lafazanis has put the signature under the Memorandum, which implies the extension of the gas pipeline "Turkish stream" via Turkey to Greece.

The document was the result of months of work. Erection of 1 thread "Turkish stream" will begin in late June.

The head of the energy Ministry of Russia Alexander Novak and Minister for industrial reform, environment and energy Greece Panagiotis Lafazanis has signed a Memorandum of cooperation during the construction works and operation of the pipelines in the continuation of the "Turkish stream". "The signing of the Memorandum is to confirm months of work, we had to run a gas pipeline through the territory of Greece," said the Greek Minister.

"This pipeline... will play a stabilizing role in the region. The project is not aimed against anyone, but rather brings together all the regions through which it will pass", - quotes RIA Novosti Lafazanis. Besides, Russian Minister announced that he was glad of the opportunity to move forward on the implementation of projects in the energy sector, and said that with the signing of the Memorandum of cooperation between Russia and Greece "goes to a new level."

"Turkish stream" implies the construction of a gas pipeline with a capacity of 63 billion cubic meters of gas per year from Russia to Turkey across the Black sea. The pipeline length of about 1100 km will consist of 4 strands and bring to the Turkish-Greek border to 47 billion cubic meters of gas. It is expected that on the border of Turkey and Greece will be created by a gas hub and power the EU needs to implement the transmission power for subsequent admission of the gas on their own terrain.

Amid rapprochement between Moscow and Athens specialists declare that he has the opportunity to become a terror to the European Union, whose relations with the Russian Federation previously deteriorated, says the Independent. In a worst-case scenario of Greece staying in the European Union, may exercise their right of veto in all discussions of sanctions against Russia and to split the already far from a cohesive Europe.

Russia has already surpassed Germany and became the main trading partner of Greece, reminds of the "Expert". The trade volume between Moscow and Athens in 2013 reached a record volume of 9.3 billion. Most of it consists of the purchase by the Greeks of Russian gas and oil. Many in Greece believe that the counter-sanctions imposed last year by Moscow in response, applied to agriculture and tourism powers pretty harsh damage.

sections: Economics, World News