16374
Russia to Supply Turkey Gas in 2016
Energy

Russia to Supply Turkey Gas in 2016

Russian energy giant Gazprom announced Thursday that its new gas pipeline project Turkish Stream, supplying Russian gas to Turkey, will start operating in December next year.
"An agreement has been reached on putting the Turkish Stream into service and starting gas supplies in December 2016," Gazprom chief Alexei Miller was quoted as saying in a company statement after meeting Turkish Energy Minister Taner Yildiz in Ankara, the Middle East Online reported.
The Turkish Stream pipeline unveiled by Russian President Vladimir Putin in December 2014 will stretch around 1,100km to Turkey's border with Greece, via the Black Sea.
The pipeline is designed to offer an alternative route to shipping Russian gas via Ukraine. It replaces a scrapped plan to build a South Stream pipeline under the Black Sea to Bulgaria to supply southern Europe while skirting Ukraine.
Putin axed the South Stream plan in December as relations with Brussels nosedived over Moscow's actions in Ukraine. Gazprom has signed a preliminary accord with Turkey's state energy firm Botas on building the Turkish Stream pipeline with a capacity of 63 billion cubic meters, the same as the defunct South Stream project.
Russia plans to turn Turkey into a major transit hub for its gas heading to European countries, replacing its neighbor Ukraine. Russian media reported in March that negotiations between Moscow and Ankara on the price of the piped gas were deadlocked, possibly delaying the project.
In Turkey, Russian gas will compete with that supplied by the energy-rich Azerbaijan.

Short URL : http://goo.gl/c4Xhol

You can also read ...

Saudi Arabia supplied 4.29 million tons, or 1.01 million bpd, to China in January.
Russia remained the top crude oil supplier to China in January...
Substantial Change in Global Energy Trade, as Role of Electricity Rises
The new World Energy Outlook is the story of a series of...
Saudis See Oil Output Cuts Easing in 2019
OPEC and its allies, including Russia, may next year ease the...
Plans are in place to cooperate with neighboring states, namely Turkey and Turkmenistan, that have more water resources so that Iran can increase its share from joint water basins.
Serious negotiations are underway with water-rich neighboring...
30% Domestic Share in  Unit International Deal
Domestic equipment manufacturers will have a 30% share in the...
Plans to Increase Sarkhoun Output
Close to 98.5 billion cubic meters of natural gas have been...
Call for Greater Support for Renewables
Heightened concerns over the shortage of natural resources and...

Trending

Googleplus