Southern Gas Corridor
Turkey's President Recep Tayyip Erdoğan extolled the benefits of the Trans-Anatolia Natural Gas Pipeline Project in an article he wrote for the latest issue of The Diplomat magazine.
In the article "TANAP: Regional Development and Peace Project" published in collaboration with the New York Times, Erdoğan emphasized that TANAP is a regional peace project.
Our country is an integral part of the Southern Gas Corridor through the Greece-Bulgaria gas interconnector. The fourth gas corridor in Europe plays an important geostrategic role for the diversification of the gas supplies for Bulgaria and the region, this country's Minister of Energy Temenuzhka Petkova said, reported by BNR.
Turkey will launch TurkStream natural gas pipeline next month, energy and natural resources minister said on Dec. 27.
"We will launch TurkStream on Jan. 8. We will be indispensable in international markets with natural gas pipelines coming from both the east and north," said Fatih Dönmez in a meeting in the northwestern Bilecik province.
The Greek section of the Trans-Adriatic Pipeline (TAP) transporting natural gas from Azerbaijan to Greece, Albania, Italy and points beyond in western Europe is ready and will begin trial operations in early December.
During this so-called commissioning phase, small volumes of natural gas will go through the pipeline to ensure commercial use is safe.
The European Investment Bank said on Thursday it would stop funding fossil fuel projects at the end of 2021, a landmark decision that potentially deals a blow to billions of dollars of gas projects in the pipeline.
The bank's new energy lending policy, which it said was approved with "overwhelming" support, will bar most fossil fuel projects, including traditional use of natural gas.
,,This small stretch of 11 km is extremely important for Bulgaria. First, we end the Turkish Stream 2 saga - whether or not it will pass through us. We are beginning the Balkan Stream'', said Prof. Atanas Tasev, an energy expert, in the studio of BNT's Morning Block.
According to him, Prime Minister Boyko Borissov has made "geopolitical sense" in the Balkan Stream.
Relations between Azerbaijan and Bulgaria have been demonstrating positive dynamics over the recent years. There are plenty of spheres where the countries can implement joint projects and use potential of both countries for further development of economic cooperation, especially within the energy field, writes MENAFN.