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Turkeys Natural Gas Consumption
- By Oil and Gas Author
- Published 09/1/2006
- Crude Oil Petroleum , Natural Gas Petroleum , Exploration and Discoveries , Liquefied Natural Gas LNG , Petroleum Pipeline
- Unrated
Oil and Gas Author
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View all articles by Oil and Gas AuthorIn October 2002, a twin 866-mile Natural Gas Pipeline running from Russia under the Black Sea to Turkey was completed, with natural gas flows starting in February 2003, about one year behind the original schedule. The $3.2 billion Blue Stream pipeline runs from Izobilnoye in southern Russia, to Dzhugba on the Black Sea, then under the Black Sea for about 247 miles to the Turkish port of Samsun, and on to Ankara. In March 2003, Turkey halted gas imports from Blue Stream for six months, with a Botas official stating simply that we dont need the gas right now. In November 2003, Russias Gazprom announced that it had resolved its dispute with Turkey, reportedly agreeing on a new, competitive price for Blue Stream gas somewhere between the old price ($3.20 per million Btu) and Botas desired price ($2.08 per million Btu). By 2009, Blue Stream had been expected to reach peak capacity of 565 Bcf per year, but this is now somewhat doubtful given Turkeys lower gas demand forecasts. Over the course of the 25-year agreement signed in December 1997, Turkey was to import 14.1 Tcf of natural gas from Russia via Blue Stream, with the pipeline eventually extended to other Mediterranean countries, including Greece.
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