16:31 Oct. 9, 2016
Russian energy minister says intergovernmental talks on Turkish Stream largely agreed
The final touches to the agreement to pipe Russian natural gas through Turkey should be completed when President Vladimir Putin meets his Turkish counterpart Recep Tayyip Erdogan in Istanbul on Monday, Russia's Energy Minister Alexander Novak said.
"All of us aim to finalize the works on this intergovernmental agreement when President Putin and President Erdogan meet on the sidelines of the World Energy Congress," Novak said.
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The project, announced by Putin during a December 2014 visit to Turkey, will carry gas from Russia under the Black Sea to Turkish Thrace. One line, with a 15.75 billion cubic meters capacity, is expected to supply the Turkish market with a second carrying gas to Europe.
Negotiation over the pipeline was halted after Turkey shot down a Russian jet over the Turkey-Syria border in November last year but has since resumed.
Last month, Gazprom said construction could start by the end of 2017 if an intergovernmental agreement was signed in October, with the goal of completing the pipeline by 2019.