Natural Gas   Intergovernmental

9/2/2016

Turkish Stream Project

Energy Minister Berat Albayrak has met Gazprom’s Chairman of the Board Aleksey Miller. It is stated in the disclosure made by Gazprom after the meeting that agreement has been reached to grant all necessary permits at the soonest to give start for the implementation of the project. Technical and commercial talks will be continued between BOTAŞ and Gazprom on related conditions regarding the supply of gas to Turkey…

Energy and Natural Resources Minister Berat Albayrak has accepted Chief Executive Officer (CEO) Aleksey Miller of Gazprom, the Russian energy company and his delegation. It is stated that the Turkish Stream Project, the arbitration issue between the two countries on gas and regional cooperation in energy have been taken up during the meeting held between Minister Albayrak and CEO Miller.

It is reported that top level officials of BOTAŞ and Gazprom have initiated technical talks right after the meeting. BOTAŞ General Manager Burhan Özcan, Gazprom’s Deputy Chairman of the Board Alexander Medvedev and top level officials of both companies have participated in the meeting.

Gazprom, “Agreement has been reached to finalize the procedures on permits at the soonest regarding the Turkish Stream”

Following disclosure has been made by Gazprom after the meeting: “Agreement has been reached with the Ministry of Energy and Natural Resources to finalize the procedures on permits at the soonest regarding the Turkish Stream.” It is underlined that the parties have also discussed issues regarding a regional cooperation in the energy field, in the disclosure where it is stated that commercial negotiations will be continued on the transmission of Russian gas to Turkey.

The most important issues that will be discussed during technical and commercial talks on the Turkish Stream Project will be the number of pipelines, the amount of natural gas and the price of natural gas. As will be known, South Stream Company had made an EIA application to the Ministry of Environment and Urban Development for 4 parallel pipelines TEBA:1735/ October 13, 2015 On the other hand, Turkey favors a single pipeline with a capacity of 14.75 bcm. Under those circumstances, there will be no increase in the total amount of natural gas provided from Russia. Preparations were underway for talks on the initial pipeline most recently before the plane crisis between the two countries.