Russia’s Gazprom to set up new company for gas pipeline to Turkey

Russia’s Gazprom to set up new company for gas pipeline to Turkey

MOSCOW - Reuters
Russia’s Gazprom to set up new company for gas pipeline to Turkey

An employee walks up the stairs at the Gazprom Neft oil refinery in Moscow in this Sept. 20, 2012 file photo. REUTERS

Russian state gas company Gazprom said Dec. 8 it would set up a company to build a gas pipeline to Turkey, days after President Vladimir Putin announced the new project.

“The company will be registered in St. Petersburg ... [it] is called Gazprom Russkaya,” Gazprom spokesman Sergei Kuprianov said in a statement.

Putin said last week Russia was dropping the South Stream project and was instead planning to build a pipeline to Turkey and could set up a gas hub on the Turkish-Greek border to supply Europe with gas.