Latest news
Cyprus: natural gas drilling is likely to continue despite Turkish threats
The Greek Cypriot government promised that extraction and drilling of natural gas offshore Cyprus will continue, even though Turkey has threatened to block these operations since it thinks the energy assets partly belong to Turkish Cypriots.
read more... 25/02/2014
Gazprom remains the leading natural gas provider in Turkey
Russian energy giant Gazprom is the top provider of natural gas to Turkey, after the energy-hungry Turkey imported more than half of its gas needs from the Russian company last year.
read more... 04/02/2014
Turkey could increase its share in TANAP project
Turkey has demanded to Azerbaijan to increase its share in Trans-Anatolian gas pipeline (TANAP), the head of Azerbaijan's state energy company SOCAR, Rovnag Abdullayev, said this week at a conference. Currently Turkey owns a 20% share in the project, while the rest of the shares belong to SOCAR of Azerbaijan.
read more... 12/12/2013
Croatia, Hungary and Ukraine to create their own gas corridor
Ukraine, Croatia and Hungary aim to build their own corridor expanding gas pipelines networks. The construction of this corridor will start next year. This gas corridor is planned to be linked to the Trans-Adriatic Pipeline, which is likely to carry Shah Deniz gas to Europe through Turkey. The parts have already reached an agreement on passing of natural gas through all three countries.
read more... 25/10/2013
Turkey: one of the largest and most dynamic energy markets
Turkey intends to be one of the world’s 10 largest economies by 2023, which means that in less than 10 years, it must move at least one position every year to reach its challenging target. And it is on the right way to reach that goal as in few decades Turkey had succeeded in transforming its economy and its international image from a country that used to depend on external help, to a country that provides external help to others.
read more... 24/10/2013