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  Tuesday, June 2, 2020
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The signing of a memorandum on cooperation between Gazprom and Turkey's Botas has been shelved indefinitely
Gazprom intended to sign a memorandum on cooperation with Botas in investments into the Turkish gas storage facilities and transporting Russian gas through Turkey to the other countries. According to the source, the memorandum was planned to be signed during President Putin's visit to Turkey. "Since the visit has been postponed, the signing of our document has also been delayed," the source said. Today, Mr. Putin's press service reported Mr. Putin had decided to cancel his official visit to Turkey on September 2 and 3. "The Turkish leadership has been informed about this decision," the press service reported, "and it has been received with full understanding." Russian-Turkish cooperation in the gas industry began in 1984. From 1987 to 2003, Russia exported about 105.8 billion cubic meters of gas to Turkey. Gas was delivered through two pipelines: the Trans-Balkan and the Blue Stream. Gazprom is considering the possibility of increasing its investments in the Turkish gas industry. In 2004, through its subsidiaries, Gazprom purchased 40% of the Turkish Bosphorus Gas Distributing Company, which possesses and manages the packages of the shares in selling facilities.
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