Tag Archives: natural gas

What are the possibilities of Israel, Greece and Cyprus to exploit a new gas pipeline route to Europe?

Reuters and local media report that Israel, Greece and Cyprus will explore the possibility of building a natural gas pipeline to Europe, tapping huge gas reserves discovered in the eastern Mediterranean in recent years, as this has been discussed last week with a summit of the Israeli, Greek and Cypriot leaders in Nicosia (Cyprus).
Continue reading What are the possibilities of Israel, Greece and Cyprus to exploit a new gas pipeline route to Europe?

Tsipras: ‘Turkish Stream’ will have another name on Greek territory | EurActiv

Update: 03/12/2015

Hurriyet Daily News and RT.com :Russia and Turkey, at loggerheads since Ankara shot down a Russian warplane last week, have suspended talks on their joint Turkish Stream project to pipe gas to Turkey and southern Europe, Russia’s energy minister said on Dec. 3.

“Currently talks are suspended,” Energy Minister Alexander Novak said, quoted by RIA Novosti state news agency.  “Work on formulating agreements on Turkish Stream is suspended,” particularly because “an intergovernmental commission on trade and economic cooperation has stopped meeting” under Russia’s retaliatory measures against Ankara, Novak said. However, he said talks on building a nuclear power plant in Turkey remained open, Reuters reported.

The Turkish Stream project would see four pipelines carrying Russian natural gas under the Black Sea, linking southern Russia to western Turkey.

Meanwhile, Turkey has agreed with Azerbaijan to accelerate the Trans-Anatolian Pipeline (TANAP), with an aim to have the gas project completed before the planned 2018, Prime MinisterAhmet Davutoğlu said on Dec. 3, as quoted by Reuters.

In a joint news conference with Azerbaijan President Ilham Aliyev in the capital Baku, Davutoğlu also said Turkey was willing to share details of its recent jet downing incident with Russia.

This was the latest move by Turkey’s leaders, who are in an effort to diversify energy supplies as ties with its largest natural gas provider Russia have tumbled following the downing of a Russian warplane by Turkey.


Tsipras: ‘Turkish Stream’ will have another name on Greek territory | EurActiv.

Greece is interested in expanding its energy cooperation with Moscow and the construction of an extension pipeline to the Turkish Stream project, said the Prime Minister Alexis Tsipras during his meeting with the President of Russia Vladimir Putin on Wednesday, April 8.

turkish stream 2

In the light of the worst standoff between the West and Russia since the Cold War, Tsipras went on a two-day visit to Moscow (8-9 April), where energy issues dominated the discussions between Greek and Russian government officials.

The previous day (7 April), foreign ministers from Greece, Hungary, Serbia, Turkey and the Former Yugoslav Republic of Macedonia (FYROM) signed a declaration of intent regarding the Turkish Stream project, in Budapest.

According to Mr. Tsipras, the project will attract new investments in the Greek economy, stabilize the region and set up the path towards improving relations with Ankara.

russia pipelines europe

Tsipras and Putin agreed that Greece could play a big role in the Turkish Stream pipeline project, making it a hub between Turkey and the European gas market.

“The new route will provide for Europeans’ fuel needs, and would allow Greece to become one of the main power distribution centres on the continent, and could help attract significant investment into the Greek economy,” Putin said during the joint news conference with Tsipras.

“Our pipelines will receive gas from the Turkish border, and will provide energy security for both Greece and the European market,” Tsipras noted, adding that the Russian project will boost jobs and growth in the debt-ridden country.

Continue reading Tsipras: ‘Turkish Stream’ will have another name on Greek territory | EurActiv