Erdogan and Putin agree on multi-billion energy deal

(Worthy News) – Turkey and Russia agreed to revive the multibillion-dollar “Turkish Stream” natural gas pipeline after a meeting between Turkish President Recep Tayyip Erdogan and Russian President Vladimir Putin in Moscow on Aug. 9.

Putin had threatened to cancel the pipeline that would run from Russia to Turkey, and potentially the rest of Europe, after relations between the two nations collapsed when Turkish jets shot down a Russian fighter jet over Syria last November.

Russia had also threatened to end its involvement in the construction of the Akkuyu nuclear power plant in Turkey.

Erdogan told reporters that Putin pledged to build the pipeline quickly, according to Reuters. The restoration of relations is expected to be lucrative for both countries. Turkey had been Russian Gazprom’s second largest customer after Germany in 2015. [ Source ]