Türkiye and Turkmenistan purpose to have an annual gasoline commerce quantity of 15 billion cubic meters (bcm) within the subsequent 20 years, amounting to 300 bcm, the Turkish Energy and Natural Resources Ministry stated Wednesday.
To attain that quantity, the 2 nations “need a pipeline,” however using current infrastructure, Ankara and Ashgabat purpose to begin with an preliminary quantity of two bcm by a swap methodology, the ministry stated in an announcement that quoted Energy and Natural Resources Minister Alparslan Bayraktar.
The assertion got here after Bayraktar’s two-day go to to Turkmenistan the place he met prime vitality officers.
Ankara is working to move Turkmenistan’s gasoline to Türkiye after which onward to Europe, stated Bayraktar.
He stated there are a number of alternate options to appreciate the venture.
“The ultimate and the most important one is to have a pipeline through the Caspian Sea with a much larger amount of natural gas and a long-term agreement to transport this natural gas to the western markets, to Türkiye and to Europe,” he stated.
Bayraktar, pointing to different cooperation areas on pure gasoline, famous Turkmenistan’s funding plan on pure gasoline storage.
“BOTAŞ (Turkish Petroleum Pipeline Corporation) has a very important competence and infrastructure in this regard,” he stated. “We have approximately 6 bcm of natural gas storage capacity in Türkiye. We want to increase this to 12 bcm by 2028.”
Turkish President Recep Tayyip Erdoğan stated final month that it’s only a matter of time earlier than Turkmenistan’s gasoline is transferred to Türkiye and Europe by the expanded Trans Anatolian Natural Gas Pipeline Project (TANAP).
Bayraktar and Azerbaijan’s economic system minister signed a complete deal earlier this yr on capability growth for a number of pure gasoline pipelines. Bayraktar had stated that the deal would permit for extra gasoline volumes from Azerbaijan in addition to pure gasoline from the Caspian area to Türkiye and Europe by 2030, though the precise volumes are but to be introduced.
An settlement was additionally reached to move Turkmenistan pure gasoline to Türkiye through Azerbaijan and Georgia, Bayraktar added.
Source: www.anews.com.tr