European Commission proposes Turkey to upgrade energy co-op

European Commission proposes Turkey to upgrade energy co-op

Baku, Azerbaijan, Feb.12

By Azad Hasanli - Trend:

The European Commission has proposed Turkey to upgrade cooperation through launching high-level energy dialogue, Vice President of the European Commission, Maros Sefcovic tweeted on Feb.12.

The agreement was reached during the meeting with Turkish Minister of Energy and Natural Resources Taner Yildiz before the first meeting of the Advisory Council of the Southern Gas Corridor that kicked off in Baku on Feb.12.

Sefcovic added that the negotiations will start soon.

The meeting will focus on the possible problems in the implementation of the project and the needed solutions will be found together with the participating companies.

The meeting is being attended by Italian Deputy State Secretary for Economic Development Claudio de Vincenti, energy ministers of Greece, Georgia and Bulgaria, Panagiotis Lafazanis, Kakha Kaladze and Temenujka Petkova, as well as the Vice President of the European Commission, Maros Sefcovic.

Representatives of all transit countries of the Southern Gas Corridor (Georgia, Turkey, Greece, Italy, Albania and Bulgaria) have been invited to participate in the meeting.

Southern Gas Corridor is one of the priority energy projects for EU. This project is aimed at diversification of routes and sources of energy supply and thereby increase EU's energy security.

The Southern Gas Corridor envisages the delivery of gas from Azerbaijan's Shah Deniz gas condensate field to Europe.

A final investment decision was made on Dec.17, 2013 on the Stage 2 of the Shah Deniz offshore gas and condensate field's development. The gas produced at this field will first go to the European market (10 billion cubic meters), while six billion cubic meters of gas will be annually delivered to Turkey.

The contract for development of the Shah Deniz offshore field was signed on June 4, 1996. The field's proven reserve is equal to 1.2 trillion cubic meters of gas and 240 million metric tons of condensate.

As part of the second stage of the field's development, gas will be exported to Turkey and European markets by expanding the South Caucasus gas pipeline and the construction of Trans-Anatolian (TANAP) and Trans-Adriatic (TAP) gas pipelines.

Edited by SI

---

Follow the author on Twitter: @AzadHasanli

French media reported second Karabakh War only from Armenia's viewpoint - famous photojournalist (PHOTO)
French media reported second Karabakh War only from Armenia's viewpoint - famous photojournalist (PHOTO)
Armenia's revanchist statements against Azerbaijan threaten primarily its people - Ukrainian expert
Armenia's revanchist statements against Azerbaijan threaten primarily its people - Ukrainian expert
President Aliyev receives Secretary-General of Cooperation Council of Turkic-Speaking States in video format (PHOTO)
President Aliyev receives Secretary-General of Cooperation Council of Turkic-Speaking States in video format (PHOTO)
Loading Bars
Latest
Turkmenistan’s expanded clay plant names production volume for 2020
Azerbaijani ministry discusses damage to Kalbajar's flora caused by Armenia (PHOTO/VIDEO)
Azerbaijan talks COVID-19 vaccination document for traveling abroad
Istanbul International Airport declared to be busiest airport in 2020
Solo-show of Azerbaijani artist highlighted in foreign media (PHOTO)
New solar panel station launched in Iran's Yazd Province
IEA forecasts Azerbaijan’s 2021 oil output
HSBC to axe 82 branches in UK, cut services in others
Iran progresses with gas production, distribution
French media reported second Karabakh War only from Armenia's viewpoint - famous photojournalist (PHOTO)
Iran's budget plan aims to solve problems of low-income households
Kazakhstan's 2020 coal extraction volume exceeds plan
Netherlands slightly increase petroleum oil exports volume from Kazakhstan
Uzbekistan’s coal production significantly increases in 2020
Gold price down in Azerbaijan
Armenia's revanchist statements against Azerbaijan threaten primarily its people - Ukrainian expert
Azerbaijan discloses timeframe for commissioning Victory Road to Shusha city (PHOTO)
Georgia reveals revenues from tourism in 2020
Uzbekistan considers measures for expanding industrial products export
Georgian Adjara boosts tangerine exports as subsidy program continues
IEA talks Kazakhstan's OPEC+ deal compliance says oil production remains unchanged
Azerbaijan confirms 949 more COVID-19 recoveries
Azerbaijan's contribution allows reducing greenhouse gas emissions - minister
Azerbaijan ranks with top CIS countries having least public, foreign debts in 2020
Share of Chinese goods in Azerbaijan's total imports grows markedly
Azerbaijan bans import of plastic bags, disposable tableware
Iran reveals COVID-19 data for January 19
Uzbekistan's MFA talks co-op plans with Turkmenistan for 2021
Trade remains main target of Georgian commercial banks for financing
Kazakhstan expands list of activities for several special economic zones
Azerbaijani transport agency's chief sums up activities in 2020
Director of Azerbaijani IT company talks partnership with Slack company
Baku Higher Oil School to host webinar on ‘Natural Resources of Karabakh’
IEA assesses Azerbaijan’s compliance with OPEC+ deal
Azerbaijan ready for co-operation with Iranian companies
Azerbaijan expanding railway co-op with Iran
New copper and gold field discovered in Azerbaijan
Almost 90% see market bubbles in Deutsche Bank investor survey
Uzbek MFA names latest data of trade turnover with Turkmenistan
Boeing 737 MAX to get EU flight clearance next week
President Aliyev receives Secretary-General of Cooperation Council of Turkic-Speaking States in video format (PHOTO)
How much Azerbaijan's population spend on automobile fuel in 2020?
Kazakhstan reports annual increase in production of gold, zinc ore
Uzbek-Korean JV extends tender for purchase of hydraulic ejector
Azerbaijani president expresses condolences to Indonesian counterpart
Turkmen company starts export of environmentally friendly building materials
Kazakhstan’s freight transportation operator opens tender to buy fuel
Azerbaijan's Economy Ministry unveils volume of sold products in industrial parks
Iran's trade turnover with India shrinks
Charter, structure of Azerbaijan's Karabakh Revival Fund approved - decree
Azerbaijani company talks restoration of water supply sources to Shusha (Exclusive)
Chaos as snow hits Japanese highway, 134 cars in crashes
UK health secretary Hancock says self-isolating until Sunday
Uzbekistan’s Central Bank reveals balance payments deficit for 2020
SOCAR unveils Azerbaijan's 2020 crude oil production
SOCAR talks last year's crude oil exports abroad
Azerbaijan names future activity directions of Karabakh Revival Fund
Iran declares foreign investments made in Arvand Free Trade Zone
Azerbaijani Central Bank unveils amount of foreign currency sold to local banks
Uzbekistan plans to increase popularity of contactless payments
Value added in Azerbaijan's non-oil sector declines
Azerbaijani currency rates for Jan. 19
Uzbekistan, India talk resuming of flights
Azerbaijan shows footage from Shekerjik village of Fuzuli district (PHOTO/VIDEO)
Turkey ratifies free trade agreement with Azerbaijan
Iran, Azerbaijan sign MoU to develop economic co-op
Bitcoin overtakes "long tech" as most crowded trade
JP Morgan expects Azerbaijan to increase crude output in 2022
British hospitals use blockchain to track COVID-19 vaccines
Laying of pipeline from Iran's Jask oil terminal launched
Construction department of Turkmenistan's Mary region opens tender
Iran's Bandar Imam Petrochemical Company implementing its production plan
JP Morgan’s estimates on Azerbaijan’s 2021 crude oil output
Kazakhstan's only lowcoster resumes flights operation on several routes
Georgia reports 1,550 new coronavirus cases for Jan.19
Azerbaijan ups gas production in 2020
Azerbaijan and Iran signed cooperation memorandum on railway sector
Kazakhstan boosts trade with Lithuania despite COVID-19
China's Geely to work on smart car technologies with Tencent
Uzbekneftegaz carries out repair work of gas pumping units at compressor station
Uzbekistan announces tender for greenhouses construction
Nizami Ganjavi int'l center developed as recognizable global platform, contributing to promotion of Nizami Ganjavi's name - Member of the Presidency of Bosnia and Herzegovina
Iran, Turkey sign documents to increase potential of railway transport
Enguri HPP rehabilitation project remains vital for Georgian energy security - Economy Minister
Kazakhstan sees annual decrease in cargo transportation volume amid COVID-19
Municipal administration of Turkmenistan's Balkan region extends tender for reagents purchase
Turkey can normalize relations with Armenia depending on stable ceasefire in Karabakh - FM
World Bank confirms its readiness to support Georgia in its European integration
BHOS Presidential Scholar: ‘For me, Kelbajar is Azerbaijan, the Motherland revived in memories’
Instrumentation equipment installed at gas treatment unit at Uzbekistan’s Shurtan field
Turkmenistan, UK consider opportunities for co-op in agricultural sector
Singaporean company embarks first stage of modernization of superphosphate plant in Uzbekistan
Iran plans to hold exhibition of construction materials in Azerbaijan
Turkmenistan in top ten countries with cheapest gasoline - Globalpetrolprices
New road bridge to be built between Azerbaijan and Iran in Astara
Azerbaijani oil prices grow
Iran's interests to be met by Azerbaijan-Nakhchivan railway
Iran, Azerbaijan to sign preferential trade agreement within the next month
Azerbaijani company reveals expected volume of colored glass production at future plant
Brent crude edges up as optimism over economy outweighs fuel demand concerns
All news