BOTAŞ agrees on financing Turkish Stream with Russia’s Gazprom - DAILY SABAH

Pioneering Spirit passes through Bosporus-May 31,2017(AA Photo)

11 July 2017

The state-owned Petroleum Pipeline Company (BOTAŞ) reached an agreement on financing the Turkish Stream pipeline with the Russian state-owned gas and oil giant Gazprom, the Turkish company's General Manager Burhan Özcan said Monday.

"We have already agreed with them on the issue [of financing]. However, I cannot disclose any figures, in what percentage ratio will we do this," Özcan said, speaking at the 22nd World Petroleum Congress in Istanbul.

The BOTAŞ head said that the process of obtaining permits for the second line of TurkStream continues in a positive way, adding that "there are no pitfalls in it."

Turkey’s giant gas storage facility opens - HURRIYET DAILY NEWS

February/10/2017

Turkey’s Tuz Lake gas storage facility, which is expected to increase capacity from 1.2 billion cubic meters (bcm) to as much as 5 bcm per year, was opened in an official ceremony on Feb. 10 in the Central Anatolian province of Aksaray.

President Recep Tayyip Erdoğan thanked officials and businesspeople who took part in the development of the project, noting that another key investment would take place again in the same area.

“In addition to the facility with a 1.2 bcm of gas capacity, which we have opened today, we are also starting a new investment today. With this new investment, the gas storage capacity will increase up to 5.4 bcm. When this investment becomes online, Turkey’s daily gas storage capacity will rise to 80 million cubic meters,” he said.