https://sputnikglobe.com/20150618/1023548313.html
Russian Bank to Hold 50% Stake in Company Extending Gas Pipeline to Greece
Russian Bank to Hold 50% Stake in Company Extending Gas Pipeline to Greece
Sputnik International
The Greek Energy Ministry said that a subsidiary of Russia’s Vnesheconombank will hold a 50 percent stake in the construction company that will be building the... 18.06.2015, Sputnik International
2015-06-18T20:07+0000
2015-06-18T20:07+0000
2015-06-18T20:19+0000
https://cdn1.img.sputnikglobe.com/img/102110/04/1021100431_0:196:3888:2395_1920x0_80_0_0_a4ede36bc3a00c4577803be7b514ba17.jpg
russia
greece
Sputnik International
feedback@sputniknews.com
+74956456601
MIA „Rosiya Segodnya“
2015
Sputnik International
feedback@sputniknews.com
+74956456601
MIA „Rosiya Segodnya“
News
en_EN
Sputnik International
feedback@sputniknews.com
+74956456601
MIA „Rosiya Segodnya“
Sputnik International
feedback@sputniknews.com
+74956456601
MIA „Rosiya Segodnya“
business, newsfeed, russia, greece, vnesheconombank, turkish stream gas pipeline
business, newsfeed, russia, greece, vnesheconombank, turkish stream gas pipeline
Russian Bank to Hold 50% Stake in Company Extending Gas Pipeline to Greece
20:07 GMT 18.06.2015 (Updated: 20:19 GMT 18.06.2015) The Greek Energy Ministry said that a subsidiary of Russia’s Vnesheconombank will hold a 50 percent stake in the construction company that will be building the extension of the Turkish Stream gas pipeline to Greece.
MOSCOW (Sputnik) — A subsidiary of Russia’s Vnesheconombank (VEB) will hold a 50 percent stake in the construction company that will be building the extension of the Turkish Stream gas pipeline to Greece, the Greek Energy Ministry said in a statement Thursday.
The Greek Ministry said that a subsidiary of VEB bank “will take a 50-percent stake in the construction and administrative company [of the Turkish Stream extension to Greece.]”
The Turkish Stream is a proposed pipeline with an annual capacity of some 63 billion cubic meters. The pipeline will run from Russia to Turkey across the Black Sea, ending in a gas hub on the Turkish-Greek border, from where it is planned to continue to southern Europe. It is expected to become operational in December 2016.
Earlier on Thursday, Russian Energy Minister Alexander Novak said that Moscow and Athens will sign an agreement on the construction of the extension of the Turkish Stream pipeline to Greece on Friday.
