Showing posts with label Turkish Energy Exchange (EPIAS). Show all posts
Showing posts with label Turkish Energy Exchange (EPIAS). Show all posts

Tuesday, May 28, 2019

Gas for Peace - FOREIGN POLICY

MAY 28, 2019, 8:52 PM
MICHA'EL TANCHUM

A virtual gas hub could create real cooperation in the Eastern Mediterranean.

The strategic equilibrium that has kept the Eastern Mediterranean relatively calm for the past few years may be about to tip. On May 3, Turkey announced that it would commence natural gas drilling operations off the southern coast of Cyprus, in the exclusive economic zone claimed by the internationally recognized government in Greek-dominated south Cyprus. Ankara argues that it is defending the rights of Turkish Cypriots in the northern half of the ethnically divided island who are the legal co-owners of the island’s natural gas but are precluded from participating in its development. On May 12, Turkey doubled down and announced that it would send a second drill ship into Cypriot waters.

Turkey’s brinkmanship comes in response to attempts by Egypt, Greece, Cyprus, and Israel to create a regional energy architecture that will exclude Turkey from the marketing of Eastern Mediterranean natural gas. For example, in 2017 and early 2018, Egypt and Cyprus were in talks about a deal to sell gas from the Eastern Mediterranean to Europe using Egypt’s liquified natural gas plants—which would ensure that the region’s offshore gas bypasses Turkey’s pipelines en route to European Union markets. In February 2018, the Italian energy giant Eni, which in 2015 had discovered Egypt’s massive Zohr natural gas field adjacent to Cypriot territorial waters, announced a significant gas find in Cyprus’s nearby Calypso field.

TEKMOR Note: A virtual hub is a great idea. The most logical place for such a hub is Cyprus indeed. However, placing it in a stretch of land that symbolizes Turkey's invasion, ethnic cleansing & division amounts to nothing less than a Chamberlainian move to appease the beast (not that it would be enough either); the author might as well propose to allow Turkey to get just half the F-35s along with the Russian S-400s. More courageous actions are needed to defend western interests which clearly lie along the Israel, Egypt, Cyprus, Greece axis. 

Thursday, January 11, 2018

Why Turkey supports TurkStream, TANAP? - ANADOLU AGENCY

11.01.2018 
Murat Temizer

With TANAP and TurkStream, Turkey will gain spare capacity for extra gas imports from new sources and for future re-exports

ANKARA - Turkey's new supply sources with new TANAP and TurkStream natural gas pipelines will help supply security and help meet demand surges in line with the Turkish government's energy policy to diversify sources, according to the latest report of the Oxford Institute for Energy Studies (OIES) on Thursday.

The Gas Supply Changes in Turkey report written by Gulmira Rzayeva, a fellow in the OIES discerned that the Turkish government is in the process of making significant structural changes to the country’s energy sector and the country expects two natural gas pipeline projects to be operational in the near future.

Friday, January 6, 2017

Turkey's energy watchdog imposes cap on power prices - REUTERS

Friday, 6 January 2017 12:32 GMTReporting by Orhan Coskun and Akin Aytekin; Writing by Humeyra Pamuk and Tuvan Gumrukcu; Editing by Daren Butler; Editing by Elaine Hardcastle
  • EPDK sets price cap at 500 lira per MWh
  • Energy minister says extra measures taken on infrastructure
  • Gas flows from Iran continue, albeit below full capacity (Adds energy minister quotes, background)
ANKARA, Jan 6 (Reuters) - Turkey's energy watchdog EPDK imposed a two-month cap of 500 liras per megawatt hour on electricity prices on Friday after prices rose to their highest level in years.

Turkey's daily natural gas consumption has risen to record highs since December, largely due to colder-than-usual weather triggering higher power consumption.