Botas

Gazprom has received through diplomatic channels the first permits for the Turkish Stream project from the Turkish authorities after the decision to resume the project this year, it said in a written statement on Sept. 7.

Russian Energy Minister Alexander Novak has announced the Turkish Stream gas pipeline project between Moscow and Ankara has been abandoned.

Novak's statement that work on the project is now suspended comes after earlier comments by Russian officials that talks between Russia and Turkey over the project had not yet been frozen as reported.

Gazprom has cut in half the planned capacity of its Turkish Stream gas pipeline project, Interfax reported.

"We will certainly pay great attention to the southern direction [of gas flows] in our strategy of diversification of transport routes," Gazprom CEO Alexey Miller told reporters on Tuesday, according to the Russian news service.

Bids for the public procurement procedure for the feasibility study for the Interconnector Turkey -Bulgaria (ITB) will be opened on May 8, according to the Public Procurement Agency.

Turkey and Azerbaijan will on Tuesday formally begin construction on a new gas pipeline costing over $10 billion which will pump gas from the vast Azerbaijani Shah Deniz 2 field across Anatolia to Turkish and EU consumers.

Turkey hopes to renew the bilateral gas deal with Russia upon a new principle of price setting rather than asking for a gas discount upon the existing principles, says Russian Energy Minister Novak Turkey wants to renew the bilateral gas agreement with Russia rather than requesting a discount in the existing deals, Russian Energy Minister Alexander Novak has said.

Turkey could become a natural gas hub with its LNG terminals at the border of Greece and Bulgaria, according to an official from BOTAŞ, Turkey’s state-run gas pipeline company.

Earthwork for the construction of Trans-Anatolian gas pipeline (TANAP) will start on April 1 next year, the President of Azerbaijan's State Oil Company (SOCAR) Rovnag Abdullayev said on Tuesday.