16:54 Jul. 27, 2016
On July 26, Turkey said it is ready to start building up the first pipeline
The Kremlin said they do not rule resuming the Turkish Stream project - constructing the pipeline under the Black Sea to supply Russian gas to Europe, bypassing Ukraine.
The Ukrainian news agency UNIAN quotes Vladimir Putin's spokesman Dmitry Peskov as saying to journalists in Moscow.
"It is all about efficiency, all about commercial terms and political trust, which is the best guarantee for creating attractive economic conditions. Therefore, it is a complex issue, but certainly no one evades discussing the project", Peskov said.
"You know that we have been working in different directions, and you know that (Russia's energy giant) Gazprom did not idle its time away. You know that we work out alternative (gas) routes, and discuss options with our European partners," Peskov said.
On July 26, Turkey said they are ready to start constructing the first branch of the Turkish Stream pipeline.
Turkey's Economy Minister Nihat Zeybekchi said that "there are political solutions for settling the project further implementation."
According to him, the issue of construction of the Black Sea gas pipeline is now being negotiated with the Russian party.
"Turkish Stream is beneficial to both countries", the minister said.
In December 2014, Moscow and Ankara reached an agreement constructing the gas pipeline between Russia and Turkey under the Black Sea. The project, called Turkish Stream, envisaged for four branches with a total capacity of 63 million cubic meters of gas per year. Last year Kremlin froze the project in retaliation against Ankara for the shooting down of a Russian air force jet.
Back in 2013, Russia began work on the South Stream pipeline - Turkish Stream predecessor - that would have also bypassed Ukraine, taking Russia gas under the Black Sea, into Bulgaria and then through Serbia, Hungary and into Austria. But that project was abandoned by Russia back in December 2014 in the face of European Union opposition and heightened tensions over the invasion of Ukraine.
The special ships Normand Carrier and Normand Corona which will be used for South Stream gas pipeline construction arrived at the Black sea harbour of Varna some 450 kms (260 miles) east of the Bulgarian capital Sofia, Monday, Nov. 17, 2014. On August, 6, 2014, Bulgarian Government has frozen the construction of South Stream, following clear indications from Brussels that the EU executive would impose infringements on Bulgaria, unless the country re-negotiates its bilateral agreement with Russia for the construction of the pipeline, which is in breach of EU law (Getty Images)
Russia's planned Nord Stream pipeline to Germany also looks doomed after a group of 10 European governments published a letter saying the project ran counter to European Union interests and risked destabilizing Ukraine.