Russian state gas company Gazprom said on Monday it would set up a company to build a gas pipeline to Turkey, days after President Vladimir Putin announced the new project.
“The company will be registered in St. Petersburg … (it) is called “Gazprom Russkaya,” Gazprom spokesman Sergei Kuprianov said in a statement.
Putin said last week Russia was dropping the South Stream project and was instead planning to build a pipeline to Turkey and could set up a gas hub on the Turkish-Greek border to supply Europe with gas.