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Project Insights

Turkish Stream on course for post-coup revival

Turkish Stream could be about to make a dramatic resurgence as the leaders of Turkey and Russia prepare for an ice-breaking summit in early August Turkish Stream could be about to make a dramatic resurgence as the leaders of Turkey and Russia prepare for an ice-breaking summit in early August.
By Joshua Posaner 27 July 2016 Europe & Russia / Pipelines, Storage & Power 0 21262
The initial Turkish Stream agreements being signed in December 2014. (Gazprom)

Turkey and Russia seem poised to complete a rapid turnaround in bilateral relations that could pave the way for an agreement on the development of the Turkish Stream gas pipeline project this summer.

Turkey’s economy minister, Nihat Zeybekci, met Russian Energy Minister Alexander Novak in Moscow on Tuesday. Afterwards Zeybekci told journalists the "political decision" had been taken to proceed not only with Turkish Stream but also with the Akkuyu nuclear power project.

"I do not think there is a question about the impossibility of implementing these...