MOSCOW (Sputnik) — The both pipeline projects could end gas transit through Ukrainian territory of transit and reduce the cost of the Ukrainian gas transportation system (GTS) fivefold, Andriy Kobolyev said.
"If both the Nord Stream 2 and the Turkish stream projects are implemented… I guess there will be no transit through the Ukrainian territory at all, which, I guess, would reduce the cost of the Ukrainian GTS fivefold, " Kobolyev told the 3STV television channel.
In November 2015, the project was suspended after a Russian Su-24 aircraft was downed by a Turkish F-16 fighter in Syria. After a thaw in relations between Moscow and Ankara last June, the project was restarted, Pipe-laying work for the Turkish Stream is scheduled to begin in 2017 and end in late 2019.
The Nord Stream 2 project aims to deliver 55 billion cubic meters of Russian natural gas a year to the European Union across the Baltic Sea making a landfall in Germany. It plans to use the original 2011 Nord Stream pipeline for 86 percent of the route before branching off.