Turkey to revive gas agreement with Turkmenistan

Jun 16, 2007 02:00 AM

Energy Minister Hilmi Guler said that the agreement signed between Turkey and Turkmenistan on Oct. 29,1998 -- foreseeing the construction of a natural gas pipeline carrying Turkmen gas to Europe but unable to get off the ground -- would now be revived in light of recent developments.
Guler returned to Turkey from his visit to Turkmenistan and Kazakhstan between June 10 and 14.

Guler said that the trip was very fruitful in terms of both establishing and implementing strategic projects on natural gas, oil, electricity and renewable energy resources. Guler said they agreed with Turkmenistan to increase the electricity procurement from 600 mm kWh to 1.2 bn kWh.
“Moreover, we also discussed the transmitting capacity increase,” he said. “As you already know, Turkey will join the Union for the Coordination of Transmission of Electricity (UCTE) this year. So these countries will be able to transmit electricity via Turkey,” Guler said.

The minister said the Turkish Petroleum Corporation (TPAO)had reached a consensus with Turkmenistan about the extraction and operation of natural gas reserves. Guler emphasized that they had signed an agreement in 1998 to allow Turkey to consume 16 bn cm of natural gas and to transport 14 bn cm to Europe.
“However, this agreement could not be executed. Now we are reviving it,” he said.

Commenting on the meeting at Kazakhstan, Guler said his Kazakh counterparts conveyed their desires to establish a refinery in Ceyhan --- the port town in the Turkish province of Adana -- where the pipelines of Baku-Tbilisi-Ceyhan (BTC), Samsun-Ceyhan and Kirkuk-Yumurtalik oil all end.
Officials from the Turkish Pipeline Corporation (BOTAS), TPAO, the Ministry of Foreign Affairs had accompanied the minister on his visit to Turkmenistan and Kazakhstan.

Source: Today’s Zaman
Market Research

The International Affairs Institute (IAI) and OCP Policy Center recently launched a new book: The Future of Natural Gas. Markets and Geopolitics.


The book is an in-depth analysis of some of the fastest moving gas markets, attempting to define the trends of a resource that will have a decisive role in shaping the global economy and modelling the geopolitical dynamics in the next decades.

Some of the top scholars in the energy sector have contributed to this volume such as Gonzalo Escribano, Director Energy and Climate Change Programme, Elcano Royal Institute, Madrid, Coby van der Linde, Director Clingendael International Energy Programme, The Hague and Houda Ben Jannet Allal, General Director Observatoire Méditerranéen de l’Energie (OME), Paris.

For only €32.50 you have your own copy of The Future of Natural Gas. Markets and Geopolitics. Click here to order now!


Upcoming Conferences
« June 2019 »
1 2
3 4 5 6 7 8 9
10 11 12 13 14 15 16
17 18 19 20 21 22 23
24 25 26 27 28 29 30

Register to announce Your Event

View All Events