6/9/2008

Turkey in gas pipeline talks with Iraq to feed European demand

Bloomberg - Turkey, seeking to become Europe's transportation hub for non-Russian natural gas, is in talks with Iraq for supplies of the fuel. The country is interested in building a pipeline to northern Iraq with a capacity of up to 25 billion cubic meters of gas a year, Yusuf Yazar, a deputy undersecretary in the Turkish Energy Ministry, said in an interview in the Azeri capital Baku. The pipeline could start pumping “within 10 years” depending on the security situation, said Yazar, who was attending a conference on Caspian energy. Construction could begin in the next four to five years, he said. Turkey plans to become an alternative supplier of energy to the European Union by becoming a hub for gas pipelines traveling from Egypt, the Middle East and the Caspian basin to western Europe. The country is a shareholder in the European Union-backed Nabucco pipeline project, Yazar said.