Russian energy minister says Turkish Stream can go through Serbia

Russia is negotiating with five European countries - Greece, Macedonia, Serbia, Hungary and Austria - on the onshore route of the Turkish Stream gas pipeline, said Russian Energy Minister Alexander Novak.

In a statement to TV Russia 24 that was cited by the news agency Tass, Novak reminded that the onshore route of the Turkish Stream would partially coincide with that of the South Stream.

According to him, economic parameters of that infrastructure will be determined by the European Union.

Gazprom CEO Alexei Miller noted that Gazprom had not yet received concrete proposals for participation in the construction of cross-border infrastructure for the Turkish Stream gas pipeline.

Gazprom and Turkey's Botas signed a Memorandum of Understanding on 1 December 2014 for the construction of offshore gas pipeline between Russia and Turkey via the Black Sea.

The capacity of the gas pipeline will be 63 billion cubic meters of gas, about 50 billion of which will be delivered to the new gas hub at the Turkish-Greek border.

The Turkish Stream is going to be an alternative to the South Stream project that was abandoned by Russia in December 2014.