The new gas pipeline will have a capacity of 63 billion cubic metres of natrual gas (bcm); 14 bcm of which will be allocated for Turkish consumers.
About 50 bcm will be conveyed to the border between Turkey and Greece, where a delivery point will be arranged.
The Russkaya compressor station, which is under construction in the Krasnodar Territory, will serve as the pipeline’s originating point.
Gazprom said Turkey is presently its second largest sales market after Germany. The company supplied Turkey with 26.7 bcm in 2013.
Turkey receives natural gas through the Blue Stream and the Trans-Balkan gas pipelines.
The Blue Stream gas pipeline, which runs under the Black Sea, has delivered annual direct supplies of about 16 bcm of Russian natural gas to Turkish consumers since 2003.
More than 110 bcm have been supplied through the gas pipeline since it went onstream.
Russia and Turkey started cooperation in the gas sector in 1984 when both countries signed a natural gas supply agreement.
Russia recently scrapped the proposed South Stream natural gas pipeline project, citing objections from the European Union.
The project, announced in June 2007, was intended to transport approximately 63 bcm of Russian natural gas across Europe, via Bulgaria, to Italy.
Image: Gazprom management committee chairman Alexey Miller and Botas Petroleum Pipeline chairman of the board of directors Mehmet Konuk sign MOU. Photo: courtesy of Gazprom.