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Days After Killing South Stream, Putin Announces Turkey Gas Pipeline Builder

Russia's President Vladimir Putin and Turkey's President Tayyip Erdogan attend a news conference at the Presidential Palace in Ankara on Dec. 1, 2014.

Russian state gas company Gazprom said Monday that 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 … and 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.

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