Natural gas storage

World Bank, AIIB Allocate $1.2B Loan to Turkey for Natural Gas Storage Facility

Turkey's ever-growing energy industry continues to draw investments from international institutions. The World Bank and Asian Infrastructure Investment Bank (AIIB) have provided a $1.2 billion loan for the capacity expansion project of Lake Tuz underground natural gas storage facility, the Energy and Natural Resources Minister Berat Albayrak announced yesterday at a ceremony in Ankara.

Consortium including Tekfen signs 2.4 bln-euro deals for gas storage facility in southern Turkey

A consortium that includes Turkey's Tekfen has signed two contracts worth 2.4 billion euros to construct an underground natural gas storage facility in the southern province of Mersin, the company said in a written statement Sept. 30. 
The group said three of its subsidiaries, Tekfen Construction, Tesisat A.Ş. and HMB, created a consortium along with France's Entrepose Contraction. 

Turkey vows to invest heavily in infrastructure to thwart recurrence of blackouts

Poor infrastructure is to blame for recent electricity cuts across Turkey, Energy Minister Berat Albayrak has said, noting that the government would modernize over 85 percent of the infrastructure for 18 billion Turkish Liras.

The minister said the outmoded and inefficient physical infrastructure had played a huge role in triggering power cuts across Turkey, according to sources. 

"Serbia has sufficient natural gas supplies"

Serbia will have enough gas even if deliveries via Ukraine are cut, Tanjug said it learned from the country's public gas enterprise Srbijagas.

Today, the underground gas storage (UGS) facility in Banatski Dvor contains 381 million cubic meters of gas, 141 million owned by Srbijagas, and around 240 million cubic meters owned by the Russian partner Gazprom Export, Srbijagas noted.

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