The current agreement to supply Turkey annually with about 6 billion cubic meters of gas from Russia is scheduled to end in 2012, Putin said. He spoke at a televised joint news conference with his Turkish counterpart, Recep Tayyip Erdoğan, in the Black Sea resort of Sochi.
No details were given about the extension, or where and when it would be signed.
Turkey is supplied with gas from Russia via Blue Stream, a $3.2 billion pipeline that opened in 2005 and tunnels under the Black Sea separating the two countries.
Separate talks will continue on building a second branch of the pipeline, known as Blue Stream II, Putin said.
Putin also said Russian companies were ready to help construct four nuclear power plants in Turkey.
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