Russia’s Energy Minister Alexander Novak expects an agreement to hold a meeting of co-chairmen of the Russian-Turkish intergovernmental commission to be reached soon.

When asked about the prospects of the bilateral projects, in particular the Turkish Stream pipeline, the minister told reporters:

“I think that there will soon be an agreement on holding a meeting of co-chairmen of the intergovernmental commission.”

Novak said, that he personally heads the Russian part of the intergovernmental commission.

When asked about the possibility of resuming the Turkish Stream project Novak said that “so far it is under consideration.”

Earlier Gazprom CEO Alexei Miller said that resumption of the Turkish Stream is possible only if the European Commission confirms the project’s priority in writing.

The agreement on the construction of this pipeline was reached in December 2014.

Initially it was planned that the capacity of four strings of the pipeline will be 63 billion cubic meters of gas per year, of which 16 billion cubic meters will be delivered to Turkey and 47 billion to the gas hub on the Turkish-Greek border.

But it was announced that the negotiations on signing of the relevant intergovernmental agreement were postponed due to the political situation in Turkey, where the cabinet of ministers was yet to be approved at that time.