Energy co-op with Azerbaijan to open opportunities for Turkey

Oil&Gas Materials 4 October 2016 19:03 (UTC +04:00)

Baku, Azerbaijan, Oct. 4

By Orkhan Quluzade – Trend:

Energy cooperation with Azerbaijan will open up great opportunities for Turkey in terms of the country’s becoming an energy hub, Salihe Kaya, research assistant at Turkish Foundation for Political, Economic and Social Research (SETA), told Trend Oct. 4.

She said Turkey, due to its geographical location, plays a role of a bridge between exporters and importers of energy resources.

The expert believes the 23rd World Energy Congress, to take place the next week in Istanbul, will become an important event in connection with the start of liquefied natural gas (LNG) delivery from the US and the limitations put by OPEC on oil production.

“Ankara wants to sign an intergovernmental agreement with Russia on the Turkish Stream following the congress. Discussions may also be held on other countries’ joining the Trans-Anatolian Natural Gas Pipeline (TANAP),” Kaya said.

Kaya added that new agreements may be signed at the congress between Baku and Ankara on investments in Turkey’s energy sector.

The World Energy Congress is the triennial flagship event of the World Energy Council.

The 23rd World Energy Congress will be held in Istanbul Oct. 9-13 at the initiative of Turkish Prime Minister Binali Yildirim and Minister of Energy and Natural Resources Berat Albayrak under the auspices of Turkish President Recep Tayyip Erdogan.

Heads of SOCAR, TANAP, TAP AG, DESFA, BP, Gazprom, Royal Dutch Shell, General Electric, Total, Saudi Aramco, Lukoil, Engie and others are planned to address the event.

In addition, the energy ministers of oil and gas producing countries, as well as managers of high-tech companies, international financial institutions, agencies of the UN and the EU will take part in the congress.


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