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Turkey, Algeria extend gas agreement for 10 years

Oil&Gas Materials 7 January 2013 10:38 (UTC +04:00)
Turkey extended an agreement with Algeria on liquefied gas imports for another 10 years, the Hurriyet newspaper quotes Turkish Energy and Natural Resources Minister Taner Yildiz as saying on Monday.
Turkey, Algeria extend gas agreement for 10 years

Azerbaijan, Baku, Jan.7 / Trend A.Taghiyeva /

Turkey extended an agreement with Algeria on liquefied gas imports for another 10 years, the Hurriyet newspaper quotes Turkish Energy and Natural Resources Minister Taner Yildiz as saying on Monday.

The sides also discussed cooperation in exploration of hydrocarbons and renewable energy sources.

According to Yildiz, Turkey also plans to increase imports of liquefied gas from Algeria up to six billion cubic meters compared to the current four billion cubic meters.

The gas agreement between the parties was signed in 1988 and entered into force in 1994 and expires in 2014.

According to the report of the Turkish Energy Market Regulatory Authority (EPDK), liquefied gas imports to Turkey in September 2012 amounted to 291,995 tons compared to 258,570 tons in the same period of 2011.

Today Turkey imports gas from Azerbaijan, Russia, Iran, Nigeria and Algeria in the total amount of 51 billion cubic meters.

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