As a follow-up to the Protocol, Gazprom and Botas inked an Agreement detailing the terms and conditions of the construction work. With the documents signed, the parties will be able to start implementing the project.
The onshore section will be built by TurkAkim Gaz Tasima A.S., a joint venture that will be established on equal terms.
In addition, Gazprom Export and Botas signed documents to settle out of court the ongoing arbitration dispute on the contract terms of Russian gas supplies to Turkey. The arbitration will be resolved shortly.
