Turkey has received the coordinates of the onshore section of the Turkish Stream gas pipeline project, Turkish Energy Minister Taner Yildiz told Sputnik Turkey on Monday.
The Turkish Stream, a proposed 1,090-kilometer (677-mile) natural gas pipeline running from Russia to Turkey via the Black Sea, is expected to become operational in December 2016.
"Gazprom [Russia's energy supplier] provided the coordinates of the gas pipeline segment last week, as per our request," Yildiz said.
The Turkish energy minister said he expected construction plans for one of the four pipeline branches to be made available this week following the completion of feasibility studies for the project.
"The capacity of this branch of the Turkish Stream is expected to be somewhere around 16 billion cubic meters," Yildiz said.
The entire project, agreed on in December 2014, is estimated to have an annual capacity of 63 billion cubic meters of gas, of which 43 billion is to be earmarked for Turkey.—0--
Economics
-
According to the State Customs Committee, in the first eleven months of this year, Azerbaijan transported 6.96 million tons of cargo by rail, worth $3.01 billion. This represents a 4% decrease in volume and a 10.1% decline in value compared to the same period in 2023.
-
The Cabinet of Ministers of Azerbaijan has approved a set of regulations to govern the approval of agreements under the country’s competition law, aimed at fostering compliance with legal frameworks and enhancing market transparency.
-
Azerbaijan's ambitious program to restore territories liberated from Armenian occupation has attracted attention due to the extensive use of single-source procurement methods, raising concerns about transparency and corruption.
-
Azerbaijan recorded a 2% increase in wheat imports from January to November 2024 compared to the same period in 2023, underscoring its continued reliance on external sources to meet domestic demand. This growth comes amid a significant decline in domestic wheat production, which decreased by 148,100 tons in 2024, further intensifying the need for imported supplies.
Leave a review