Caspian Sea

Turkey and Montenegro have agreed to make additional efforts to increase bilateral trade volume to $250 million by 2022, Perisa Kastratovic, Montenegro's ambassador to Ankara, said yesterday.

He called on Turkish investors to grab opportunities in the southern Balkan country in an online meeting with a group of Turkish journalists.

A cooperation and handover agreement for the Fier South gas facility was signed between Trans Adriatic Pipeline (TAP) AG, the Albanian Ministry of Infrastructure and Energy, and Albgaz Sh.a., a statement from TAP said on July 7.

TAP will design, procure and construct the gas exit point with a multimillion Euro investment.

Turkish Petroleum Corporation (TPAO) and the State Oil Company of the Azerbaijan Republic (SOCAR) could work together in field development and production of Turkey's giant gas discovery in the Black Sea, Vagif Aliyev, deputy chairman of SOCAR Turkey told reporters.

SOCAR has been investing and collaborating with Turkish Petroleum Corporation since 1994.

One-fifth of the pipeline capacity of the Trans Anatolian Natural Gas Pipeline (TANAP) can be used to transport hydrogen to Europe without the need for further investments, Elshad Nasirov, vice president for investment and marketing at SOCAR, said during a virtual event late Tuesday.

The Trans-Anatolian Natural Gas Pipeline (TANAP) has reached a plateau of its 16 billion cubic meters (bcm) annual capacity, the CEO of the company running the pipeline said on Jan. 14. 

The Eastern Mediterranean region, where east, west, north and south converge, and the birthplace of the three main monotheistic world religions, is, from a geopolitical point of view, a separate subsystem.

Greece's state-controlled gas utility DEPA announced on Thursday that Greece started receiving natural gas from the Trans Adriatic Pipeline (TAP) after the completion of its construction in December.

DEPA signed a 25-year gas supply contract with TAP in 2013 for the supply of natural gas from the Shah Deniz field in Azerbaijan.

Over 5.8 billion cubic meters (bcm) of Russian gas transferred to Europe from Turkey via TurkStream natural gas pipeline in 2020, according to industry sources on Jan. 3.

The TurkStream pipeline opened by Turkish President Recep Tayyip Erdoğan and his Russian counterpart Vladimir Putin on Jan. 8.

Azerbaijan has started commercial natural gas supplies to Europe via the Trans Adriatic Pipeline (TAP), the energy ministry said on Thursday, beginning its push into the lucrative energy market dominated by Russia.

The upcoming 31 December will remain a key date in the history of gas supplies in Bulgaria, for the first time in our recent history our country will start deliveries of natural gas from a new source - Azerbaijan. Deliveries are planned to be carried out via the new gas connection between Bulgaria and Greece, which will be completed in the next few months.