Gazprom gets the first permit from Turkey to restart the Turkish Stream

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Russian largest gas supplier Gazprom has received the first permit from Turkish authorities for the construction of the offshore leg of the Turkish Stream gas pipeline. Oilprice.com explains that this step should be regarded as a sign that the two countries are definitely re-launching the project.

“I would like to commend our Turkish partners for being so prompt and cooperative at the first stage of the TurkStream project,” Alexey Miller, Chairman of the Gazprom Management Committee, said in the company statement.

Gazprom’s deputy chairman Alexander Medvedev said the Russian giant was ready to resume talks with Turkey to revive the project and was waiting for a next move from Turkey a few weeks after the attempted coup against Turkish President Recep Tayyip Erdogan.

Moscow and Ankara had decided to pursue the Turkish Stream project in the end of 2014. It was estimated that the pipeline would have an annual capacity of 63 billion cubic meters of gas. The project was suspended in 2015 after Turkey shot down a Russian jet, but the discussion was re-launched after the apologies from the Turkish officials.