World Bulletin / News Desk
Gazprom on Friday sent a warning signal to its second-largest gas consumer Turkey over Ankara's agreement with neighbouring Azerbaijan to built a gas pipeline to Europe, a rival to Moscow-backed planned South Stream trunk.
Gazprom is anxiously watching the latest developments in Azerbaijan, whose gas fields are the most developed new non-Russian sources of natural gas that can be pumped to the European Union through pipelines.
Moscow is keen on keeping Azerbaijan, its former Soviet satellite, within the orbit of influence and is trying to secure access to the country's vast gas riches, a bone of contention between Europe and Russia.
On Tuesday, Turkey and Azerbaijan signed an inter-governmental agreement on the $7-billion Trans-Anatolian natural gas pipeline project (TANAP), designed to carry Azeri natural gas across Turkey to Europe.
Gazprom also said it increased gas supplies to Turkey after it requested more volumes of Russian gas following a pipeline explosion, which hampered gas flow from Iran to Turkey.
But Gazprom's spokesman Sergei Kupriyanov said if the Trans-Anatolian project is "completed as planned in 2018, Turkey could then apply for help to Baku," according to Gazprom's emailed statement.
In another development, which undermines Russian grip on the former Soviet Republic, Azeri's Shah Deniz II consortium, led by BP Plc and Statoil, on Thursday selected the Nabucco West pipeline for one of two possible routes to carry Caspian gas to western Europe.
Treasury reports central government debt stock in March rises around 15 pct year-on-year, reaching nearly $235 billion
Sales to foreigners amounted to 1,827, 15.8 pct rise year-on-year, according to official report
BIST 100 slips 0.15 percent; US dollar/Turkish lira exchange rate stands at 4.0460
BIST 100 rises 0.01 percent; US dollar/Turkish lira exchange rate drops to 4.0250
Fresh hopes that Donald Trump and North Korea's leader Kim Jong Un will hold a historic summit within months also provided some much-needed optimism.
The fund cautioned that investors and financial markets expect a steady approach to monetary tightening based on the belief inflation will remain relatively tame.
Turkey's assets abroad go up 2.4 percent at end of February 2018, compared to end of 2017: Turkish Central Bank
BIST 100 decreases 0.12 percent; US dollar/Turkish lira exchange rate stands at 4.1020
Hong Kong and China ended down after fluctuating through the morning on data showing the world's number two economy expanded in January-March at the same rate as the previous three months.
For Turkey, Germany is a very important, indispensable partner: Turkish Energy Minister Albayrak says in Berlin
BIST 100 rises 0.69 percent; US dollar/Turkish lira exchange rate stands at 4.0830
The United States, Britain and France carried out attacks at the weekend on alleged chemical weapons facilities, in response to what they say was a toxic gas attack by the Russia-backed Assad regime a week before.
Excluding interest payments, central government budget balance saw surplus of nearly $500M in first quarter of 2018
London's FTSE 100 index fell 0.1 percent to 7,254.83 points, with UK advertising giant WPP diving four percent after chief executive Martin Sorrell resigned over the weekend.
The US, Britain and France carried out attacks at the weekend on alleged chemical weapons facilities, in response to what they say was a toxic gas attack by the Russia-backed Assad regime a week before.