The Turkish and Russian presidents formally launched TurkStream gas pipeline which will carry Russian natural gas to southern Europe through Turkey. The project is part of Moscow's efforts to reduce shipments via Ukraine.
Gazprom said Naftogaz of Ukraine has confirmed receipt of $2.918 billion in compensation from Gazprom in compliance with the 2018 Stockholm Arbitration's award.
The TurkStream natural gas pipeline will carry 15.75 billion cubic meters of Russian gas to Turkish consumers.
Turkish President Recep Tayyip Erdogan says Ankara will retaliate against possible US sanctions over energy pipeline projects.
Russian President Vladimir Putin and Chinese President Xi Jinping virtually inaugurated the "Power of Siberia" pipeline via a video link-up. Russia also plans to launch two more gas pipelines that will ramp up supplies to Europe.
Speaking at economic forum alongside Chinese President Xi Jinping, Russian President Vladimir Putin calls for deep reform, claiming that trust in US dollar has been on decline.
Donald Trump openly chastised America's closest allies in the 2017 NATO summit, asking them to "contribute their fair share" and his pointman in Berlin has reinforced the divisive narrative and now there are calls for him to be sent back home.
Russian President Vladimir Putin says the TurkStream gas pipeline, consisting of two 930-kilometre lines each with a capacity of 15.75 billion cubic metres, would become fully operational by the end of 2019.
US Ambassador Richard Grenell openly threatened German companies with penalties for building gas pipeline Nord Stream II and wants Qatar to challenge Russian dominance in gas exports to Europe.
The meeting will focus on Gazprom's plan to construct and put into operation by the end of next year the Nord Stream 2 gas pipeline, which would bring gas to Germany via the Baltic Sea, bypassing Ukraine.
As Germany and Russia take steps to increase cooperation in gas trade, the US, sidelined by Europe after withdrawing from the Iran nuclear deal, expresses concern and dangles sanctions.
The transnational pipeline, which aims to deliver gas to Turkey and Europe, is on track to be completed in 2019 despite the hurdles it faced in past.
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