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Tuesday, July 07, 2009

Ankara moving ahead on Blue Stream

ANKARA, Turkey, July 6, 2009 - (UPI) -- Ankara has offered its proposal for moving forward on the second leg of the Blue Stream natural gas pipeline to the Middle East, Russian officials say. In 2005 Russia and Turkey proposed a second leg of the route following European moves to develop plans for the Nabucco gas pipeline from Central Asian and Middle Eastern suppliers. Planners are looking to Blue Stream to supply markets in the Middle East, including Israel. Russian Energy Minister Sergei Shmatko said following a meeting with Turkish officials that Ankara was moving forward with Blue Stream developments, Itar-Tass reports. "We have some interesting projects, including Blue Stream-2," he said. Officials expect the 754-mile Blue Stream at full capacity to transport 565 billion cubic feet of natural gas per year by 2010. "This year the Russian-Turkish intergovernmental commission will take place," the minister said. "We have to submit our gas marketing surveys to take a decision on the construction of Blue Stream's second branch." Russia last week secured agreements for gas purchases from the Shah Deniz gas field in Azerbaijan to feed the South Stream gas pipeline to southern Europe. Moscow said it was interested in including Turkey in that project as well.
European or Asia-to-Europe (better said) pipelines are still in debate, some are useful, some aren't. The oil industry is looking for the best solutions, so is virtually any major oil & gas company.  
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