Saturday 30 June 2012

ENERGY - Gazprom ‘warns’ Turkey on gas deal

Gazprom on June 29 sent a warning signal to Turkey over Ankara’s agreement with Azerbaijan to build a gas pipeline to Europe, a rival to the Moscow-backed planned South Stream trunk.

Gazprom said Turkey demanded additional gas supply from Russia after an explosion on the Turkey-Iran natural gas pipeline June 28, which cut the gas flow. The statement said Gazprom has increased gas supply to Turkey, but added that if the Trans-Anatolian project is “completed as planned in 2018, Turkey could then apply for help to Baku,” according to Gazprom’s e-mailed statement.

Turkey, Gazprom’s second largest customer, and Azerbaijan signed a deal on June 26 to build $7 billion Trans-Anatolian natural gas pipeline (TANAP) to carry Azeri gas to European markets. The TANAP rivals the South Stream natural gas pipeline project, which is supported by Russia, and goes through Turkey.

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