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Russia and Turkey will sign Turkish Stream deal in 2016

Staff writer |
Russia and Turkey will sign an agreement on the Turkish Stream gas pipeline not earlier than in December, Russian Energy Minister Alexander Novak said.

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The Turkish government has not yet been formed, the signing of the intergovernmental agreement on the Turkish Stream after the elections, not earlier than in December-January," Novak told journalists.

Turkish President Recep Tayyip Erdogan called a snap general election on November 1, after parties that had won the majority of seats in the June election failed to form a coalition.

On Friday, Novak said a Russian delegation will soon arrive in Turkey to discuss the technical aspects of the final agreement on the Turkish Stream.

The Turkish Stream is a proposed gas pipeline with an annual capacity of 63 billion cubic meters, running from Russia to Turkey beneath the Black Sea. The pipeline is expected to continue to a hub on the Turkish-Greek border, from where it could be extended to southern Europe.

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