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Turkey, Ukraine to jointly extract gas in Black Sea

Oil&Gas Materials 27 June 2013 14:00 (UTC +04:00)
Turkey and Ukraine intend to implement a joint gas production project in the Black Sea, Ukrainian Energy Minister Yuriy Boyko said at a press conference in Ankara, Ihlas agency reported.
Turkey, Ukraine to jointly extract gas in Black Sea

Azerbaijan, Baku, June 27 / Trend A. Taghiyeva /

Turkey and Ukraine intend to implement a joint gas production project in the Black Sea, Ukrainian Energy Minister Yuriy Boyko said at a press conference in Ankara, Ihlas agency reported.

According to Boyko, Turkey and Ukraine are working on another project. This relates to Turkey's gas storage purchased in Europe at a lower price, at the Ukrainian gas storage facilities.

"Ukrainian gas storage facilities' capacity hits about 30 billion cubic meters," Boyko said. "We made an offer to Turkey to buy gas to Europe during the summer months when it is cheaper to store it in Ukrainian gas storage facilities and use it in winter."

Earlier, the Turkish state pipeline company Botas's report said that around 12.74 billion cubic meters of gas were imported to Turkey from various sources in January-March 2013 compared to 10.88 billion cubic meters of gas in January-March 2011.

Around 12.85 billion cubic meters of gas were sold on the Turkish domestic market in January-March compared to 11.68 billion cubic meters in January-March last year.

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