Turkey not seeks partnership in South Stream project

Turkey does not plan to become partner for the South Stream pipeline, but may consider if it receives offers for partnership, Reuters quotes Turkish Energy Minister Taner Yildiz as saying.

Yildiz also said Turkey will take 5.6 billion cubic metres (bcm) of natural gas from Gazprom through the Western Pipeline, and Botas will not renew its expired contract on this pipeline, but gas through the Western Pipeline may be brought to Turkey at the beginning of third quarter in 2012 if private companies renew the contract.

This week Russia and Turkey agreed on the long-term contracts on gas supplies until 2021 and 2025. The agreement was reached in Ankara in talks between Turkish Energy Minister Taner Yildiz and executives from Russia's Gazprom on the award of a final construction permit for the South Stream pipeline, which will carry Russian gas from the Black Sea to Europe.

Yildiz said that Russia has presented all terms and details on South Stream project to Turkey in order to obtain permission for its construction.


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