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MOSCOW, July 26. /TASS/. Turkey is ready to initiate construction of the first line of the Turkish Stream gas pipeline project, Turkish Economy Minister Nihat Zeybekci told reporters on Tuesday.
"We are open for construction of the first line of the Turkish Stream from standpoint of Turkey’s need for natural gas," the Minister said.
"Political decisions are in place to settle the issue of further implementation of the project," Zeybekci added.
An agreement to build the Turkish Stream gas pipeline was reached in December 2014. It was planned initially to build the gas pipeline of four lines having the annual capacity of 63 bln cubic meters of natural gas. The intergovernmental agreement on the pipeline construction was postponed after relations between Russia and Turkey worsened dramatically. The project is currently on hold.