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News - Turkey

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The Crepiscule of the Russian Gas Oligopoly

2014 will arguably be the most important year of the decade when it comes to energy security in the European Union (EU). No other year in the recent past has seen such an imposing shake up in Europe’s energy geopolitics; one which will inevitably see the build up to the coming and going of significant...

CNOOC in Aphrodite: Boosting Cypriot Hopes

Recent news that China National Offshore Oil Corp. (CNOOC) is negotiating to buy a 30-40% interest in Block 12 of Cyprus' Aphrodite gas field may be a real shot in the arm for the natural gas industry in Cyprus, according to Charles Ellinas, CEO at ECP Cyprus National Hydrocarbons Company Ltd. “It's...

Options for Delivering Iranian Gas to Europe Via Turkey

As the struggle between Russia and the West in Ukraine deepens, Europe is beginning to reconsider its options vis-à-vis weakening Russia’s energy monopoly in the European market. Throughout the political negotiations with Moscow, the energy dependency has remained starkly obvious as...

Turkey Will Not Increase its Stake in TANAP, Yildiz Says

Turkey does not plan to increase its stake in Azeri-Turkish Trans Anatolian Natural Gas Pipeline Project (TANAP), Turkish Energy Minister Taner Yildiz said. In the sidelines of a signing ceremony of SOCAR's Star Refinery's $3.3 billion credit in Istanbul, Yildiz stated that Turkey will keep its 30% stake...

Bulgaria Halts Construction of South Stream Pipeline

Facing increasing criticism from European Union, Prime Minister Plamen Oresharski has ordered to a halt to the construction of the Bulgarian section of South Stream Gas Pipeline. "I have ordered all work to be stopped. We will decide on further developments following consultations with Brussels," Mr.

East Med Not a Solution for European Energy Security, Says Expert

Natural Gas Europe had the pleasure of speaking with Sohbet Karbuz, Director of the Hydrocarbons division at Observatoire Mediterraneen de l’Energie (an energy industry association). We spoke about the coming Italian presidency of the Council of the European Union, E&P activities in the Mediterranean...

TPAO to Boost Shah Deniz Stake

TPAO, the Turkish state oil company, will acquire Total SA’s stake in the Shah Deniz gas project. In a deal signed in Istanbul on Friday, the Turkish state oil company acquired Total SA’s ten per cent stake in Azeri gas project. According to a statement, the transaction is valued at $1.

G-7 Needs Turkish Support, Says IAGS’ Luft

The G-7 countries should support Turkey’s aspirations to become a land bridge for Caspian and East Mediterranean energy, while convincing Ankara to pave the way to LNG tankers through its straits. This is one of the recommendations inked by Gal Luft, Co-Director of the Institute for the Analysis...

EVENT AD: FT EUROPEAN GAS SUMMIT (Michael Lundby) Oct 23 2014
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