Russian President Vladimir Putin and his Turkish counteroart recep Tayyip Erdogan discussed large energy projects, such as the construction of the Turkish Stream gas pipeline and of the Akkuyu nuclear power plant, and the situation in Ukraine, Putin’s press secretary Dmitry Peskov revealed. The leaders confirmed their readiness to bring bilateral trade turnover between Russia and Turkey to $US 100 billion by 2020. In 2014, trade between the two countries exceeded $31 billion.

During a photo session that preceded the talks, the presidents didn’t talk much and only exchanged opinions about the previous day’s opening ceremony. The presidents agreed the ceremony was superb and wished success to the host team of Azerbaijan.

When President Erdogan remarked that none of the EU leaders had attended the event, President Putin replied: "As EU accession candidate, Turkey represented the whole of the European Union.”

The Russian delegation included Foreign Minister Sergey Lavrov, Energy Minister Aleksandr Novak, head of Gazprom Aleksey Miller, head of Rosatom nuclear monopoly Sergey Kirienko and the Russian president’s senior foreign policy adviser, Yury Ushakov.

In December 2014, after opposition from the EU, Russia announced the scrapping of the South Stream gas pipeline project that would have bypassed the current routes via Ukraine. Moscow presented a new project, the Turkish Stream - a gas pipeline that will pass through Turkey.

This new 1,100-kilometer transportation route will be laid out under the Black Sea from Russia to Turkey. It will deliver Russian gas to Turkey and the EU border. Europe will have to arrange a means of accessing the gas by itself.

The Turkish Stream will consist of four lines with a capacity of up to 63 billion cubic meters of gas per year. Some 16 billion will be reserved for Turkey; the rest will go to Europe when the necessary infrastructure is in place.

In 2014, Russia supplied 27.4 billion cubic meters of gas to Turkey, primarily through the Blue Stream pipeline that also passes across the Black Sea. Russia and Turkey agreed earlier to increase Blue Stream capacity from 16 to 19 billion cubic meters per year.

Tension between Moscow and Ankara had arisen after Putin attended the commemoration of the 100th anniversary of the genocide of Armenians in the Ottoman Empire (Turkey), which took place in Yerevan, the capital of Armenia.

President Erdogan had threatened to withdraw the Turkish ambassador from Russia, but the meeting in Baku apparently diffused things. President Putin congratulated Erdogan on his party’s win in Turkey’s parliamentary elections on June 7.

 

(RT)