Egypt and Turkey plan on Gas Business Deal
Cairo, Egypt | February 06, 2008 by
Egypt plans to expand the capacity of a pipeline to bring natural gas to Turkey, delaying the link’s opening, as reported by a new Turkish newspaper recently.
The pipeline, which crosses Syria and Jordan, will now start transporting the fuel in 2011 as Egypt, Africa’s second-biggest gas producer, “increases and improves” a section in northern Sinai, the Istanbul-based newspaper said, citing Turkish state pipeline operator Botas. The link had been slated to open in 2009.
The improvements will be made to satisfy a Turkish request for more gas to diversify its imports. The pipeline will supply Turkey with 2-4 billion cubic meters of gas, and another 2-6 billion cubic meters will be destined for Europe, according to the source.
Syria said last month it hasn’t completed the section that runs across its territory and connects the pipeline to Turkey.
D-8 Organization deems that Turkey, with an ever-growing economy each year, should optimize the cooperation within its member countries to ensure Turkish needs of oil and energy. D-8 Organization supports efforts to address the global energy crisis caused particularly by the unstable oil price. D-8 is to expect in the Working Group on Energy meeting this year, where Turkish’ needs of oil and energy can be discussed among memberstates. D-8 has already started to witness a number of significant collaboration projects among its member in major sectors including energy, such as between Iran, Indonesia, and Malaysia.
Read Also
- Pakistan-Iran Gas Deal: IPI Gas Price Plan Set
- Business Talks Likely to Boost Egypt-Turkey
- Cooperation of Two D-8 Member States: Turkey will Invest More in Egypt
- Pakistan and Iran to Sign Gas Sale Accord Next Month
- BP, RWE, Shell to Spend $950 Million in Egypt
- Egypt Aspires to Emerge as Energy Hub
- Egypt explores 14 oil exploration projects
- World Bank: Egypt, Indonesia and Turkey are Large Emerging Markets Group Having Quick Business Reforms
- D-8 SG and Minister Petroleum and Mineral of Egypt Share Common Confidence to enhance D-8 Energy Cooperation
- Iran and Turkey take a giant step in Key European gas Deal
Loading ...
Loading ...
Share your thoughts on this story. Please increase the credibility of your post by including your name and city, and by demonstrating respect for others' opinions. Comments will not appear immediately; all comments are moderated and will be posted in order of submission.