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MOSCOW, November 26. /TASS/. The Russian government has not made any concrete decisions on the Turkish Stream gas pipeline project yet, it will come up with proposals in the near future, Energy Minister Alexander Novak said at an intergovernmental commission with Saudi Arabia.
"For the moment there are no concrete solutions, today the prime minister ordered the government to consider and make proposals on the law on special economic measures. Such proposals will soon be developed, and then we can finally say what decisions will be approved by the government as part of the law," - he said.
Novak added that as for the legal base, the Turkish Stream falls under the law (on special economic measures).
Gazprom and Turkey’s Botas Petroleum Pipeline Corporation signed a memorandum of understanding on December 1, 2014, envisaging the construction of a gas pipeline across the Black Sea to Turkey.
The capacity of the Turkish Stream gas pipeline is seen at 63 billion cubic meters, of which 50 billion cubic meters will be supplied to a new gas hub on the Turkish-Greek border.
South Stream was Gazprom's global infrastructure project designed to build a gas pipeline with a capacity of 63 billion cubic meters across the Black Sea to Southern and Central Europe in order to diversify natural gas export routes and eliminate transit risks.
The Turkish Stream gas pipeline is expected to run 660 km (410 miles) along the old corridor of the South Stream project abandoned by Russia and 250 km (155 miles) in the new corridor towards Turkey’s European part.