ITAR-TASS: Gazprom to set up new company to build gas pipeline to Turkey
Russia’s gas giant Gazprom said on Monday it is establishing a new company - Gazprom-Russkaya - to build a gas pipeline to Turkey.
Gazprom spokesman Sergey Kupriyanov told journalists the new company is to be registered in St. Petersburg and take its name from the pipeline’s head compressor station Russkaya.
On December 1, Russian President Vladimir Putin said that in current conditions Russia would not implement the South Stream project. Gazprom CEO Alexey Miller said the project was no longer topical. “The project is closed,” he told journalists, commenting on the results of the top-level Russia-Turkey talks.