New natural gas pipeline to connect Turkey, Greece and Italy

21/06/2010 10:25 Natural Gas

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The Turkish state owned gas company Botas has signed an agreement to build a new natural gas pipeline connecting Turkey to Greece and Italy.

The project consists of building a pipeline by Botas together with its Greek partner Depa and Italian Edison. The pipeline will be supplied by Shah Deniz gas field in Azerbaijan. The construction of the gas pipeline is scheduled to be completed by 2017, and the Turkish side received a 100 million euros loan from European Union for the development of the project, but the total price was not revealed. This project competes with Nabucco pipeline project supported by EU.

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