Contents tagged with gas corridor

  • 7 billion euro to be invested in Turkish Stream

    7 billion euro will be invested in two threads of the sea area of the Turkish Stream pipeline, explained a memorandum to the Russian bill on the ratification of the intergovernmental agreement on the pipeline.

    At the beginning of the month, the law on ratification of Turkish stream was signed in Turkey providing the construction of two threads of a gas pipeline under the Black Sea. The first line is for supplies to a Turkish market while the second one is for transit to Europe.

    "About 7 …

  • Mogherini: EU considers maintaining Ukraine's status as gas transit country to be important

    The High Representative of the European Union for Foreign Affairs and Security Policy, Federica Mogherini, stated that the European Union still believes that it is strategically important to maintain the role of Ukraine as a transit country for gas, Interfax-Ukraine reported.

    “The EU Council previously noted that it believes it to be strategically important for Ukraine to maintain their status as a transit country for gas,” Mogherini said at a press conference in Brussels, replying to a …

  • Iran to consider transporting oil through Ukraine

    Tehran will study a proposal submitted by Kiev about the possibility of transporting Iranian oil to Slovakia and the Czech Republic via Ukraine, Interfax-Ukraine reported.

    Following a meeting between Iranian Oil Minister Bijan Namdar Zangeneh the Minister of Energy and Coal Industry of Ukraine, Igor Nasalik, the former stated that Tehran is ready to begin cooperation with Kiev on supplying oil directly to Ukraine, despite the fact that Ukrainian oil refining capabilities are minor.

    Iranian …

  • Russia's Gazprom is ready to resume talks on the Turkish Stream pipeline

    Russia’s Gazprom is gearing up to resume talks on the adoption of the Turkish Stream gas pipeline project. The topic will also be discussed at the meeting of Russian Minister of Energy Alexander Novak and Turkish Minister of Economy Nihat Zeybekçi, Kommersant reports.

    Zeybekçi is the head of the Turkish delegation that arrived in Moscow to conduct negotiations on resuming economic relations between the two countries. Gazprom deputy chairman Alexander Medvedev reiterated on July 26th that the …

  • NATO sees TANAP and TAP pipelines as particularly important for Europe

    The head of the Energy Security Section in NATO's Emerging Security Challenges Division, Michael Rühle, believes that the projects of the Trans-Anatolian Natural Gas Pipeline (TANAP) and the Trans-Adriatic Pipeline (TAP) for the delivery of Azerbaijani gas to European countries are particularly important for Europe's energy security. According to him, the issue of implementing the projects will be discussed at the Warsaw NATO Summit July 7-8, Trend reports.

    “TANAP and TAP are of particular …

  • The EU wants Ukraine to remain a gas transit country

    The European Commission is ready to facilitate a new transit agreement between Russia and Ukraine

    As was stated by the EU Climate and Energy Commissioner, Miguel Arias Cañete, the European Union believes that Ukraine needs to remain a gas transit corridor, RIA Novosti reports.

    "Despite the economic and political challenges, Ukraine continues to be a reliable gas partner and a transit country. It is in the interest of all parties, including the Central and Eastern European countries, that …

  • BP-Azerbaijan committed to transporting gas to Europe

    The BP-Azerbaijan Company remains committed to its plan to transport gas, which will be extracted during the second phase of the development of the Azerbaijan Shah Deniz gas condensate field, to Turkey in 2018 and to Europe in 2020, as said by the Regional President for BP-Azerbaijan, Georgia and Turkey, Gordon Birrell. According to him, the Shah Deniz-2 project is at two-thirds compliance at this time.

    "The Shah Deniz gas condensate field remains stable and reliable. Last year nearly 10 …

  • Russia's Poseidon gas transport project won’t be a priority for the EU

    The EU is not ready to grant priority status to Russia’s new Poseidon gas transport project.

    According to Evropeyskaya Pravda, this statement was made by the European Commissioner, Maroš Šefčovič, during the Ukrainian Energy Forum.

    “It is difficult to comment on this Russian initiative as it was only announced a few days ago.  We do not have any official documents yet,” Sefchovich said.

    "However, we can say that the Poseidon project duplicates the transit routes which will transport Asian …

  • Turkey expresses its support for Southern Gas Corridor

    At a conference to review the results of the second meeting of the Advisory Board of the Southern Gas Corridor in Baku, the Minister of Energy and Natural Resources of Turkey, Berat Albayrak, stated that “the Southern Gas Corridor is an essential project in ensuring energy security.”  

    According to him, Turkey strongly supports the implementation of the Southern Gas Corridor project, as reported by Trend.

    He also thanked Azerbaijan for arranging the meetings for the Advisory Board of the …

  • New Gas Corridor to be Constructed between Poland and Ukraine

    A new gas corridor, named the “North-South” corridor, will make it possible for gas to be transported from a Polish gas port in Świnoujście to other countries in Central and Eastern Europe. The Polish gas pipelines, Lwówek–Odolanów and Hermanowice–Strachocina, that will be constructed by the State “Gaz System” are critical parts of the gas corridor “North-South.”

    Among other things, this corridor will provide the opportunity to pump liquefied natural gas, delivered to the Polish gas port in Ś …