by Selen Tonkus, ANKARA
Turkish Prime Minister Recep Tayyip Erdogan pays his first post-election visit to close energy partner Azerbaijan on Friday, accompanied by Energy Minister Taner Yildiz.
The two have met their Azerbaijani counterparts, as well as President Ilham Aliyev. Regional issues of common interest, including energy were expected to dominate their agenda.
Turkey imports 6.6 billion of its 47 billion cubic meter natural gas demand annually from Azerbaijan via the Baku-Tblisi- Erzurum natural gas pipeline. The Baku-Tblisi-Ceyhan oil pipeline carries 1.2 million barrels of oil per day.
Headed by the Turkish Petroleum Corporation (TPAO), Turkish firms' investments account for around US$3 billion, while Azerbaijan aims to invest US$15 billion in the Turkish energy sector up to 2018.
Currently, the Azerbaijani national oil company SOCAR is building Star Refinery in Izmir on the Aegean coast, which costs around US$5.5 billion.
- - TANAP's importance raises as Europe seeks to diversify energy sources
Ongoing preparations to build the Trans-Anatolian Pipeline Project (TANAP), the scheme to deliver Azerbaijani gas to Europe via Turkey, is to be completed by 2019 and will cost around US$12 billion.
SOCAR owns 80 percent of the project, while Turkish Petroleum Pipeline Corporation (BOTAS) owns 15 percent; TPAO owns the remaining five percent.
When completed, TANAP will carry around 16 billion cubic meters of gas per year to Europe via TAP (Trans Adriatic Pipeline).
This capacity is expected to double by 2026, to do this Turkmenistan, Iraqi and Iranian gas will also be included.
- TANAP has been a focal point of recent discussions about Europe decreasing its dependency on Russian gas.
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Ενεργειακός Κόμβος Μέσα σε 10-15 Χρόνια η Τουρκία.
Αντ. Σαμαράς: Μεγάλη επιτυχία για την Ελλάδα και την Ιταλία ο αγωγός ΤΑΡ
La Turquie tient à l'intégrité territoriale de l'Azerbaïdjan (Gül).
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Χουριέτ: Σε Επαφές με τους Ισραηλινούς η Zorlu για την Κατασκευή Αγωγού Φυσικού Αερίου.
Συμφωνία Τουρκίας – Τουρκμενιστάν για μεταφορά φυσικού αερίου στην Ευρώπη
Turkish company offers Israel to build pipeline. -Mathew Bryza announced the offer worth $2.5 billion during an energy conference held in Cyprus.
Τη σύνδεση του ισραηλινού Λεβιάθαν με την Τουρκία μέσω αγωγού προτείνει ο Μπράιζα.
Σε πολλά ταμπλό παίζει το Ισραήλ. Υπέγραψε μνημόνιο ενεργειακής συνεργασίας με Ελλάδα-Κύπρο αλλά συζητά και για αγωγούς μεταφοράς αερίου μέσω Τουρκίας.
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Azerbaijan to invest up to $20 bln in Turkish economy – Azerbaijani president....
ReplyDeleteAzerbaijan plans to invest about $20 billion into the Turkish economy in the next 7 to 8 years, President of Azerbaijan Ilham Aliyev said on Friday after his talks with Turkish Prime Minister Recep Tayyip Erdogan.
“It will be Azerbaijan’s biggest investments abroad,” Aliyev told a news conference, adding that the two countries had a number of energy projects that “have gone beyond regional boundaries to gain a global scale.” “The projects Baku-Tbilisi-Ceyhan, Baku-Tbilisi-Erzurum and the Trans-Anatolian Gas Pipeline (TANAP) have changed the energy map of the world,” he stressed.
The Azerbaijani president also noted “good possibilities and prospects” for military cooperation between the two countries.
The Turkish prime minister, in turn, noted that “Azerbaijan sets big goals” in terms of investments in Turkey. According to Erdogan, trade turnover between the two countries was nearing $15 billion.
Touching on the construction of the Trans-Anatolian gas pipeline, the Turkish prime minister said that major steps to implement this project aiming to pump Azerbaijani gas to the Turkish and European markets would be taken in the forthcoming months. “I am confident this international project to be completed in 2018 will only strengthen our brotherhood,” he said.
http://en.itar-tass.com/economy/726606?utm_medium=rss20
4/4/14