Turkey has staked a claim to become a major transit hub with two new pipelines to pump gas from Azerbaijan and Russia to Europe, but boasting may prove easier than fulfilling the ambitious projects.Turkey and Azerbaijan last week started work on the new 1,850 kilometre (1,150 mile) overland Trans-Anatolian Natural Gas Pipeline (TANAP) which by 2018 aims to provide 10 billion cubic metres of gas per year (bcma) to European consumers and 6 bcma to Turkish customers.At the same time Turkish and Russian officials are in intense negotiations to agree terms for a brand new Turkish Stream pipeline under the …read more
Source: AsiaOne
