Both Russia and Turkey have agreed on the route of the “Turkish Stream” pipeline under the Black Sea, which includes a hub on the Greece – Turkey border.
Six hundred and sixty kilometers of the new Turkish Stream pipeline will go through the old South Stream corridor and a further 250 kilometers will head in the direction of the European part of Turkey.
Gazprom says European companies will be able to purchase gas at the hub which is expected to be built on the border between Turkey and Greece.
Originally the offshore part of the cancelled pipeline plan was to create a pipeline with the capacity of 63 billion cubic meters of gas per year was supposed to go under the Black Sea to Bulgaria with a further route through Europe, ending at Austrian gas hub in Baumgarten.
The gas supplies via South Stream were supposed to replace about two-thirds of gas supplies, which are now transmitted through Ukraine.