Turkish Stream talks put on hold

Turkish Stream talks: Negotiations between Russia and Turkey on terms and conditions for the construction of Turkish Stream pipeline have been postponed until Presidents Putin and Erdogan meet in Ankara later in the year after Turkey’s parliamentary elections in October.  
Although the rescheduling is ostensibly to give Erdogan time to form new government, the two sides have so far failed to agree on the extent of price discounts that Gazprom will offer Turkey’s private gas contractors, nor has it been able to persuade the state-run oil and gas company Botas to participate in the construction of the pipeline.
The Turkish Stream project was conceived as an alternative to the aborted South Stream project that was supposed to run through Bulgaria. If it eventually gets off the ground, it will transport Russian gas to the EU via the Black Sea without passing through Ukraine.

Source: ABN