No problem with gas supply from Ukraine, says Turkish energy minister

One of the pipelines - the West Stream pipeline - supplying half of Turkey's natural gas from Russia, comes via Ukraine.

No problem with gas supply from Ukraine, says Turkish energy minister

World Bulletin / News Desk

The natural gas flow to Turkey will not be affected by developments in Ukraine, Turkey’s energy minister Taner Yildiz said Thursday.

One of the pipelines - the West Stream pipeline - supplying half of Turkey's natural gas from Russia comes via Ukraine. More than half of Turkey's natural gas comes from Russia supplied by energy firm Gazprom.

Yildiz also announced that natural gas prices would be stable in March and rising energy costs would not affect the price of gas he said speaking to journalists before he boarded a plane accompanying the Turkish Prime Minister Recep Tayyip Erdogan on a trip to Burdur province in the south of Turkey.

As a result of the changes in exchange rates and crude oil prices, energy costs in Turkey are predicted to rise by 4 billion dollars by the end of the year said Yildiz, adding that, “Using domestic resources are essential for lowering these costs and developments between Ukraine and Russia would not affect Russian natural gas supplier Gazprom’s businesses."

Turkey currently relies on foreign energy resources like natural gas and oil, which drives almost half of all electricity production in Turkey and costs up to $60 billion a year and efficient use of energy is the preferred government policy.

Last Mod: 27 Şubat 2014, 16:25
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