"We are expecting of quick renewal of negotiation process [on Turkish Stream], including on intergovernmental agreement, the project of which has been under consideration by the Turkish side since May of the current year," the statement said in connection with forthcoming visit of Sergey Lavrov to Turkey.
According to the statement, Russia hopes to fully implement the agreements on creating conditions for construction and exploitation of the first branch of the Turkish Stream gas pipeline.
The 5th Turkish-Russian Joint Strategic Planning Group Meeting will take place on November 25 in Istanbul under the chairmanship of Russian Foreign Minister Sergey Lavrov and his Turkish counterpart Feridun Sinirlioglu. The Group is operating within the bilateral High Level Cooperation Council.
The Turkish Stream project is a gas pipeline expected to below the Black Sea from Russia to Turkey and continue to a hub on the Turkish-Greek border, from where it could be transferred to Southern Europe.
A gas hub on the Greek-Turkish border will receive an annual 47 billion cubic meters of gas, while the full capacity of the pipeline will total 63 billion cubic meters.
The construction of the pipeline was scheduled for June but was delayed until a formal agreement is signed.
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