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Russia, Turkey agree to grant permission to relaunch Turkish Stream project soon

Xinhua, September 1, 2016 Adjust font size:

Russian gas company Gazprom and the Turkish Ministry of Energy and Natural Resources have agreed to grant permission to relaunch the Turkish Stream gas pipeline project as soon as possible, Russian news agency RIA Novosti said Thursday.

Commercial negotiations on the terms of Russian gas supplies to Turkey will be continued as a result of a working meeting between Gazprom chief executive officer Alexey Miller and Turkish Minister of Energy and Natural Resources Berat Albayrak, according to RIA Novosti.

The two sides held talks in the Turkish city of Istanbul on Wednesday to discuss restarting the gas pipeline project, as well as the arbitration process on gas discounts and regional energy cooperation, a spokesperson of the Turkish ministry told RIA Novosti.

Turkish Stream, a natural gas pipeline running from the southern Russian region of Krasnodar across the Black Sea to Thrace, Turkey, had been suspended due to the cooling of political relations between Moscow and Ankara.

An agreement on normalizing bilateral ties after months of tension was reached on Aug. 9 during a meeting of Russia President Vladimir Putin and his Turkish counterpart, Recep Tayyip Erdogan, in St. Petersburg. Endi