Financing secured for Turk Stream’s Greek extension

The financing of the extension of a pipeline carrying Russian gas from Turkey to Greece has been secured and a deal could be signed this month, the Greek Energy Minister said yesterday.

In an interview with Russian public television, Panagiotis Lafazanis indicated he had had a series of very productive meetings in Russia, which is ready to participate in the financing.

He said there is "enormous interest" among Greek companies for an extension of the Turkish Stream gas pipeline.

"We already know that it will be a Greek public company which would be in charge and furthermore, the question of financing is already resolved: the infrastructure costs are estimated at around two billion dollars," said Lafazanis.

Edited from various sources by Elizabeth Corner

Sources: YahooEurActiv

Published on 02/06/2015

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