Turkey is ready to initiate construction of the first line of the Turkish Stream gas pipeline project, Turkish Economy Minister Nihat Zeybekci said.
“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. Initially it was planned to build the gas pipeline of four lines with the annual capacity of 63 billion 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. (TASS/Business World Magazine)