SOT, Journalist (Russian): "How far will the pipeline go into the territory of Greece?" SOT, Alexander Novak, Russian Minister of Energy (Russian): "It will depend on the economics basis. The development of the project will begin. Now it is mostly about the memorandum and the beginning of the realization of this project. It will be worked on." The Turkish Stream will "play a very important role" in developing productive relations between Russia and Greece and will help Greece “get out of the vicious circle in which we now live,” signalling a "new stage of developing energy cooperation," said Greek Energy Minister Panagiotis Lafazanis at the St. Petersburg International Economic Forum (SPIEF) on Friday. Lafazanis was speaking following an announcement by Russian Energy Minister Alexander Novak that Greece that Turkey and Russia will collaborate on building the major Turkish Stream gas pipeline. He went on to say that he hoped Turkish Stream “creates the conditions for a new stage of development energy cooperation in the 21st century.” The Turkish Stream is expected to be around 1100 kilometres (684 miles) long and will include four pipelines. It is planned that on the Turkey-Greece border a gas hub will be built to dispense gas to EU countries.
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