Republic of Crimea to own gas pipeline from Krasnodar region

Jun 24, 2015 12:00 AM

Russia’s Republic of Crimea will own the planned gas pipeline from the region of Krasnodar, Russian Energy Minister Alexander Novak said Wednesday.

“In the end, it [the pipeline] will be owned by the subject of the Russian Federation, Crimea,” Novak told.

A new pipeline is planned to be laid on the bottom of a narrow waterway between Crimea and Krasnodar Region, known as the Kerch Strait, over the next few years.

The natural gas flowing through the Crimea-Kuban pipeline is expected to supplant the Black Sea peninsula’s energy dependence on Ukraine, estimated to amount to nearly three-quarters of its needs.

Russia’s 2020 federal target program for socio-economic development in Crimea outlines plans to construct the new pipeline, connecting with the existing three-city string and expanding production to over 2 billion cubic meters a year.

Over $250 million of the Crimea-Kuban pipeline’s total estimated cost of $368 million is expected to be spent on pipelaying across the bottom of the strait and the peninsula itself.

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