Turkish Stream Back On The Agenda After Ankara Apology

29 Jun 2016   Russia, Turkey

Russia has indicated that it is ready to restart negotiations on the Turkish Stream gas transport project, after the Turkish president sent an official apology for the downing of a Russian military plane. The incident happened last year amid growing tensions with regard to Syria and provoked Russia to slam Turkey with economic sanctions. Now, it seems, the road is once again clear for the two countries’ newest energy project. Turkish Stream has been largely seen as an alternative to South Stream, which was to pass through Bulgaria but faced major opposition from the European Commission, so it was more or less shelved indefinitely. Still, earlier this month, President Vladimir Putin told media that Russia is not giving up either of these. Talks on Turkish Stream started two years ago. The pipeline was to have a capacity of 63 billion cubic meters of natural gas a year, of which […]

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