- BayBak, Voice of a Nation - http://www.en.baybak.com -
Azeri gas to reach Greece through Turkey by end of year
BayBak, Azerbaijan | Thursday, 8th June , 2006 , 04:20 [am] | International
A pipeline transporting Azeri natural gas through neighboring Turkey to Greece will be in operation by the end of 2006, Turkish Energy Minister Hilmi Guler said here on Thursday.
“At the end of the year, Turkey will send Azeri natural gas to Greece,” Guler told a gathering of Turkish investors, adding that from there it [...]
A pipeline transporting Azeri natural gas through neighboring Turkey to Greece will be in operation by the end of 2006, Turkish Energy Minister Hilmi Guler said here on Thursday.
“At the end of the year, Turkey will send Azeri natural gas to Greece,” Guler told a gathering of Turkish investors, adding that from there it would eventually go to Italy.
“We are enriching Europe,” he said.
The construction of the pipeline started last July in a ceremony held at the middle of the bridge over Evros River, the natural frontier between Greece and Turkey.
Stretching over 300 kilometres (186 miles), 209 kilometres of which is on Turkish territory, the pipeline will transport gas from Azerbaijan and other Caucasus producers to European countries.
Starting with a capacity of 3.5 billion cubic metres (122.5 billion cubic feet) per year, the pipeline will eventually be able to handle an annual 11.5 billion cubic metres.
The cost for the Greek part has been estimated at between 30 and 40 million euros, and for the Turkish part at 250 million euros.
Turkey aims to become a regional energy hub between Europe and the natural gas and oil producers of the Caspian Sea and the Middle East.
Another major project, the Baku-Tblisi-Ceyhan (BTC) pipeline, which will carry Azeri oil through Georgia to the Turkish Mediterranean port of Ceyhan and from there to world markets, is expected to be officially inaugurated in July.
[1] www.bakutoday….
, Voice of a Nation
No Comments
No comments yet.
RSS feed for comments on this post.
Sorry, the comment form is closed at this time.
azeribaybak[at]gmail.comURLs used in the text:
[1] www.bakutoday….: http://www.bakutoday.net/view.php?d=21432