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13.03.2017 11:07
© kremlin.ru
Energy is a priority area in our cooperation, Russia reliably supplies Turkey with energy sources, Russian President Vladimir Putin said during a joint press conference with Turkish President Recep Tayyip Erdogan on Friday.
Putin outlined existing energy relations and announced that Russia intends to move forward with the construction of Turkish Stream gas pipeline to Turkey via the Black Sea. He added that the second line of the pipeline which is supposed to transport gas to Europe via Turkey was a question of interest from “our European partners”.
“The Blue Stream gas pipeline has been stably operating for years. This year, Gazprom plans to move forward with the construction of another major energy route, the Turkish Stream. Two lines with a capacity of 15.75 billion cubic metres a year each will be laid across the Black Sea bed. The first will carry the fuel to Turkey’s domestic market and the second – provided our European partners are interested – will bring gas to Europe via Turkey”, Putin said, as reported by the press centre of the Kremlin.
The two countries are also continuing their cooperation in the nuclear sector. In his words the Akkuyu NPP project is expected to soon receive strategic investment status.
“The Rosatom State Nuclear Energy Corporation is going ahead with building the Akkuyu nuclear power plant in Turkey: four power units with an aggregate capacity of 4,800 MW. The project’s implementation opens up long-term prospects for Russian-Turkish cooperation in the peaceful use of nuclear energy. We expect Akkuyu to receive strategic investment status in the near future. To reiterate, both projects – Turkish Stream and the nuclear power plant – meet modern environmental and technological standards and will become major elements in ensuring energy security in the region", the Russian President said.
Putin and Erdogan also discussed strategic aspects of the development of bilateral relations and Russian-Turkish interaction in the international arena to address pressing global and regional issues.
“Turkey is traditionally among Russia’s main trade and economic partners. At the same time, last year, largely due to significant exchange rate fluctuations, as well as world energy prices, bilateral trade fell by 32 percent”, Putin said.
He added that the two countries have signed the wide-ranging cooperation programme for 2017–2020 which is aimed at stabilising the mutual flow of goods, services and capital. In addition, Moscow and Ankara have decided to establish a new joint investment fund with a capital of up to USD 1 billion.
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