MOSCOW, December 6. /TASS/. Russian President Vladimir Putin has expressed the hope that the visit of Turkish Prime Minister, Binali Yildirim, to Russia will be the basis for the upcoming summit.
Yildirim’s visit to Russia was the first since his appointment head of the Turkish government in May 2016.
"Please, convey my most sincere greetings and wishes of wellbeing to the president. We are grateful to him for signing the law on ratifying our agreement on the Turkish Stream," Putin said at a meeting with the Turkish prime minister.
He noted that this is one of the large-sale projects due to be implemented by Russia and Turkey. "A lot of joint work lies ahead. I hope that your visit will be the basis for our forthcoming meeting with the President of the Republic of Turkey and the summit," Putin said.
The Russian authorities announced the Turkish Stream in December 2014 to replace the South Stream gas pipeline project. It was planned that the offshore section of the Turkish Stream gas pipeline would comprise four stretches with a capacity of 15.75 billion cubic meters each.
However, the negotiations on the project were subsequently suspended, including due to the crisis in bilateral relations. After the talks between Turkish President Recep Tayyip Erdogan and Russian leader Vladimir Putin in St. Petersburg in August 2016, a decision was made to resume works under the Turkish Stream gas pipeline project, set up a working group and develop a roadmap.
The Turkish Stream project envisages the construction of a gas pipeline across the Black Sea to the European part of Turkey and farther to the border with Greece. The pipeline’s offshore section is expected to equal about 910 km and its overland segment on the Turkish territory - 180 km. The project is estimated at 11.4 billion euros. Gas deliveries via the first stretch of the gas pipeline are designed wholly to meet the requirements of the growing Turkish market.