Russia to sign Turkish Stream deal in October

“The inter-governmental agreement and road map are currently being reconciled; the process of agreeing on the final text is underway. We plan to proceed to the signing in October,” Novak said, according to Russian news agency RIA.

Talks on the project were halted last year after Turkey shot down a Russian air force jet and Russia retaliated with trade sanctions but since then Moscow and Ankara have made significant progress to mend relations.

Turkish President Recep Tayyip Erdoğan said in August at a joint news conference with Russian President Vladimir Putin that building the gas pipeline quickly was a priority.

Russian state gas producer Gazprom, the project operator, said on Sept. 7 it had received first regulatory approvals from Turkey, allowing the project to move into implementation phase.