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Minister Taner Yildiz: Egypt wants to become sixth exporter of gas to Turkey

Oil&Gas Materials 14 September 2011 19:56
Egypt intends to export its gas to Turkey, said Turkish Energy Minister Taner Yildiz, Anadolu news agency reported.
Minister Taner Yildiz: Egypt wants to become sixth exporter of gas to Turkey

Azerbaijan, Baku, Sept. 14 /Trend/
Egypt intends to export its gas to Turkey, said Turkish Energy Minister Taner Yildiz, Anadolu news agency reported. "Negotiations with the Egyptian side were successful. Turkey does not exclude the possibility of purchasing gas from Egypt," said Yildiz.
The minister said that Turkey and Egypt signed two agreements on energy cooperation. Countries already have agreements for exploration of oil and gas in the Mediterranean.
Construction of Pan-Arab pipeline is expected to complete by the end of this year, said the minister.
At present, relations between Israel and Egypt, which supplies gas to Tel Aviv, have deteriorated considerably, which experts say could lead to cessation of supply by Cairo. It is not excluded that Turkey will act as a buyer of this gas.
Turkey imports gas from five countries: Russia, Nigeria, Iran, Algeria and Azerbaijan.
Ankara has contracts to import gas from Russia (30 billion cubic meters), Algeria (four billion cubic meters of liquefied natural gas), Nigeria (1.2 billion cubic meters of liquefied natural gas), Iran (10 billion cubic meters of gas), Azerbaijan (6.6 billion cubic meters of gas).
In 2010, Turkey purchased from exporters about 32.5 billion cubic meters of gas. Gas consumption in Turkey in 2010 reached more than 31.46 billion cubic meters.

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