A Libyan court has suspended a deal for offshore oil and gas exploration that Libya and Turkey inked last year, a deal that sparked outrage from neighbors Egypt and Greece. The deal concerned waters that Libya and Turkey have declared to be theirs but that are disputed by Egypt and …
Read More »Iran’s Trade with Turkey Close to $5 Billion during 11 Months
Iran and Turkey traded $4.93 billion worth of goods from the beginning of 2022 to the end of November to register a 16.24% year-on-year rise, latest data released by the Turkish Statistical Institute show. Iran’s exports stood at $2.71 billion, up 22.3% while imports grew by 9.58% to $2.21 billion. …
Read More »Turkey on Its Way to Become Energy Hub
The natural gas deal with Bulgaria is a step forward in Turkey’s efforts to become an energy hub, Energy Minister Fatih Dönmez has said. “With this agreement, natural gas could be transmitted not only to Bulgaria but other countries via Bulgaria,” Dönmez added. On Jan. 3, Türkiye and Bulgaria signed …
Read More »Turkey Boosts Energy Ambitions with Bulgaria Gas Import Deal
Bulgaria on Tuesday signed a long-term deal to access Turkey’s liquefied natural gas (LNG) terminals, a move that could help diversify the region’s gas supply away from Russia and advance Turkey’s aim to be a regional energy hub. The agreement between Bulgaria state-owned gas operator Bulgargaz and Turkish state gas …
Read More »Turkey Announces Big Boost in Black Sea Gas Reserves
Turkey has upped the estimate of its natural gas reserves in the Black Sea by nearly a third, putting its total deposits at 710 billion cubic metres (bcm) in a boost to its aims of increasing its energy independence. Speaking after a cabinet meeting, President Recep Tayyip Erdogan said Turkey …
Read More »Decision on Gas Hub in Turkey to be Made in 2023
Gazprom is actively working with Turkiye and other market participants on the gas hub in the republic, Russian Deputy Prime Minister Alexander Novak said in an interview aired by the Rossiya-24 TV news channel on Friday, adding that the decisions on the hub would be taken in 2023, TASS reports. …
Read More »Turkey Accuses Cyprus of Increasing Tensions over Gas Exploration
Turkey on Friday accused Cyprus of increasing tension in the Eastern Mediterranean after a consortium of Italian and French energy companies found more natural gas off the island earlier this week. Cyprus’ hydrocarbon activities “have been carried out unilaterally,” and “violate the rights of the Turkish Cypriots, who are one …
Read More »Bulgaria is Negotiating Long-Term Gas Deal with Turkey
Bulgaria’s acting energy minister arrived in Istanbul for talks that he hopes will lead to an agreement on long-term access to liquefied natural gas (LNG) terminals in Turkey and gas transit to its border. Executives of Bulgaria’s state gas company Bulgargaz and gas grid operator Bulgartransgaz are also taking part …
Read More »Turkey Inaugurates Biggest Natural Gas Storage Facility in Europe
Turkey on Friday held a long-awaited ceremony to mark an increase in capacity at its first underground natural gas storage facility, in what officials say will make it the biggest storage site in Europe. The country has been filling its gas storage units this year as the import-dependent country sought …
Read More »Turkmenistan, Turkey, Azerbaijan Intend to Jointly Develop Turkmen Gas Exports
Turkmenistan, Turkey, and Azerbaijan plan to set up a working group to cooperate in shipping Turkmen natural gas, Turkish Foreign Minister Mevlut Cavusoglu said at a joint press conference with his Turkmen and Azerbaijani counterparts in the city of Avaza, where the three countries had a summit. “We are willing …
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