Ankara to cut gas-dependency on Moscow with alternative suppliers

[IronEagle]

Gazprom CEO Miller said Russia will damage its reputation if they halt the gas flow. However, Turkish officials do not want to take the risk any longer, and seeks alternative suppliers to cover the country's huge demand
Although natural gas exchange between Turkey and Russia has run smoothly since the crisis surrounding Turkey's downing of a Russian military jet, Turkey continues to take measures to secure its natural gas supply - including turning to Turkmen, Kazakh and Iraqi resources as an alternative.

Following Russia's harsh rhetoric, Turkey, which is the second-largest importer of Russian natural gas, is seeking alternative suppliers. This is in light of the fact that there are no considerable problems with the natural gas flowing through the Western Line and the Blue Stream. In addition to the liquefied natural gas (LNG) agreement with Qatar and the acceleration of the Trans-Anatolian Natural Gas Pipeline (TANAP) project, which will carry Iraqi natural gas to Turkey, work on the pipeline has been given a strong push to continue. This includes the Turkish state-owned energy company Petroleum Pipeline Company of Turkey (BOTAŞ) planning to hold a tender on the 185-kilometer-long pipeline before the end of December. The pipeline, which will start from the 35th kilometer of the Mardin Natural Gas Pipeline, will end at the Turkish border town of Silopi. When the pipeline is completed, it will not only carry Iraqi natural gas to Turkey, but can be used in the regulation of potential projects in the Middle East and Gulf region as well.

Currently, Turkey imports natural gas from Russia, Iran and Azerbaijan and is considering securing natural gas supplies from Turkmenistan and Kazakhstan, which has large reserves. Reportedly, Turkey is in contact with Kazakhstan, and Kazakh and Turkmen gas might also be carried to the European market through Turkey. The tension between Turkey and Russia, which followed the downing of a Russian military jet by the Turkish Armed forces near the Syrian border, led to the emergence of a possibility of a trade crisis with Russia, which is Turkey's largest energy trade partner. However, it was revealed that Russia, which previously experienced crises with other European countries, wants to remain on good terms with Turkey with regards to energy. Following a slight decline in the natural gas flow from the Western Line to Turkey a few days ago, Russia informed Turkey about the issue, saying the problem stemmed from physical factors. This statement, which was issued to avoid giving rise to Turkey' misunderstanding of the trouble, signified that there was no need for Turkey to worry about natural gas supply. Turkey receives 48 million cubic meters of natural gas from the Blue Stream and the Western Line, respectively, each day. So far, no decline has been seen in the natural gas flow through the Blue Stream. Current natural gas agreements between Turkey and Russia stipulate penal sanctions on Russia if it does not give or falls short of supplying the pledged amount of natural gas. Turkey has the right to appeal to international arbitration even in the case of slight troubles such as the drop of pressure.

Speaking on natural gas delivery, the CEO of Russian energy company, Gazprom, Alexey Miller said: "If Gazprom halts natural gas shipments to Turkey, its reputation in Turkey will be damaged. We hope that such a situation does not have to occur." Miller added that Turkey's new gas deal with Qatar is a political step taken to resolve such concerns

Ankara to cut gas-dependency on Moscow with alternative suppliers - Daily Sabah

 

[sankar]

Russia never going to cut the gas supply. Especially when EU had sanctions. Thats why Russia did ban on imports only from Turkey. Not the other way

 

[C130]

Turkey Goes After Russian Gas, Wants To Replace It With U.S. LPG



interesting.

 

[Kamil_baku]

Russia never going to cut the gas supply. Especially when EU had sanctions. Thats why Russia did ban on imports only from Turkey. Not the other way

I wonder what they were thinking when they banned Turkish imports... Did they believe that Turkey will send flowers instead and forget about it? They basically shot their own foot.

 

[sankar]

I wonder what they were thinking when they banned Turkish imports... Did they believe that Turkey will send flowers instead and forget about it? They basically shot their own foot.

here you need to understand the world game. You cannot cut the LPG imports from Russia. Secondly why this situation by attacking their fighter which is not even a thereat to your country . Anyway Turkey will pay heavily if they cut gas from Russia

 

[Oublious]

here you need to understand the world game. You cannot cut the LPG imports from Russia. Secondly why this situation by attacking their fighter which is not even a thereat to your country . Anyway Turkey will pay heavily if they cut gas from Russia

Fuk off please, so if we don't buy we are toasted? If ther is someone who will pay the price is russia and not us.

 

[Kamil_baku]

here you need to understand the world game. You cannot cut the LPG imports from Russia. Secondly why this situation by attacking their fighter which is not even a thereat to your country . Anyway Turkey will pay heavily if they cut gas from Russia

Turkey would pay heavily? Could you smart *** please explain what you mean? is there any other option Russia got in their hand?
Turkey would cut the gas right away, but we will see more and more actions once Turkey secure other options..

 

[sankar]

Turkey would pay heavily? Could you smart *** please explain what you mean? is there any other option Russia got in their hand?
Turkey would cut the gas right away, but we will see more and more actions once Turkey secure other options..

You certainly cannot get GAS from other nations as cheap as from Russia. Even if you get, then logistics cost will be higher. Either way common citizens have to pay more and the gas will cost dearly. This is simple Economics my friend.

 

[jammersat]

iran?

 

[sankar]

iran?

Again - you either need to build Gas Pipeline (it will take years and cost very), especially thru Iraq crossing terrorist control areas. Again unsecured Logistics and even if you're successful it will take years to build pipeline and you really have to sepand a lot.

Again same answer cost will 50% higher from what you have now. This will result in depriciation in Forex reserves which again down your countries currency value. This chain reaction will lead to another 15% excess of price. So, in total you will have to pay 65% higher (and not added the suppliers and local dealers cost will /commission will increase and I do not know how much it will be more).

I think you're not an Economist. If you're then you would know better than me about your country's economy.

 

[C130]

Again - you either need to build Gas Pipeline (it will take years and cost very), especially thru Iraq crossing terrorist control areas. Again unsecured Logistics and even if you're successful it will take years to build pipeline and you really have to sepand a lot.

Again same answer cost will 50% higher from what you have now. This will result in depriciation in Forex reserves which again down your countries currency value. This chain reaction will lead to another 15% excess of price. So, in total you will have to pay 65% higher (and not added the suppliers and local dealers cost will /commission will increase and I do not know how much it will be more).

I think you're not an Economist. If you're then you would know better than me about your country's economy.

this is going to hurt Russia as well. unless Russia can sell more gas to make up for the loss of sales to Turkey or lower the cost of it's gas to increase sales to current customers

Gazprom Export

 

[sankar]

this is going to hurt Russia as well. unless Russia can sell more gas to make up for the loss of sales to Turkey or lower the cost of it's gas to increase sales to current customers

Gazprom Export

certainly yes. Russia will suffer loss too. But you have to think of your home first. Anyway Russia planned to cut costs of Russian Tourist to Turkey which another huge blow to Turkey as there are 2.1million jobs based on Tourism (hotels, lodges, small sellers and many common people). And pls don't expect any replacement of Tourism by any other country. Because no country want to mess with MAD Russia. They will do anything anytime unexpectedly. that's why International economics, Geography are more important than personal likes and dislikes.

Today we live in more of complementary chain of economics around the world. so, we should be carefull of what we do.

 

[C130]

certainly yes. Russia will suffer loss too. But you have to think of your home first. Anyway Russia planned to cut costs of Russian Tourist to Turkey which another huge blow to Turkey as there are 2.1million jobs based on Tourism (hotels, lodges, small sellers and many common people). And pls don't expect any replacement of Tourism by any other country. Because no country want to mess with MAD Russia. They will do anything anytime unexpectedly. that's why International economics, Geography are more important than personal likes and dislikes.

Today we live in more of complementary chain of economics around the world. so, we should be carefull of what we do.

question i'm thinking is


who hurts more in the short-term,mid-term,long-term. Turkish economy is doing better than Russia's atm. oil prices are going to continue to stay depressed under $50 dollars for all of 2016 and you still got sanctions on Russia over the Crimea


so I think Turkey has the advantage, but I wouldn't want it to persist into 2017/18

 

[jammersat]

Again - you either need to build Gas Pipeline (it will take years and cost very), especially thru Iraq crossing terrorist control areas. Again unsecured Logistics and even if you're successful it will take years to build pipeline and you really have to sepand a lot.

Again same answer cost will 50% higher from what you have now. This will result in depriciation in Forex reserves which again down your countries currency value. This chain reaction will lead to another 15% excess of price. So, in total you will have to pay 65% higher (and not added the suppliers and local dealers cost will /commission will increase and I do not know how much it will be more).

I think you're not an Economist. If you're then you would know better than me about your country's economy.

of course the goal is not economy , and you know that better , sometimes the mean justifies the end and economy is a mean

 

[sankar]

of course the goal is not economy , and you know that better , sometimes the mean justifies the end and economy is a mean

All kinds of Intellectuals like certainly agree your point. But common man ?? certainly won't vote to Erdogan because they are the one hit economically with these happenings.

But fact is Russia did not attach your jet. You cannot play a victim card as even NATO not ready to back you.