Turkey expects more EU actors in energy exchange market

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Energy Minister Fatih Donmez says work underway to expand Turkey’s energy exchange market to draw more European participants

told Anadolu Agency’s Editors’ Desk that gas pipeline projects like the Trans Anatolian Natural Gas Pipeline Project (TANAP) and the TurkStream would not only ensure Turkey’s gas supply security and diversity, but would also play a big role in covering those of Europe.

TANAP, which carries Azerbaijani gas to Turkey, is the longest part of the Southern Gas Corridor, which is set to connect to Europe through the Trans Adriatic Pipeline (TAP). TAP will transport 10 billion cubic meters of Azeri gas per year to southeast Europe. TAP, which is the European leg of the corridor, is currently under construction, and completion is expected by 2020.

The TurkStream pipeline, on the other hand, will carry Russian gas to Turkey and Europe, and will have a total throughput capacity of 31.5 billion cubic meters.

Completion of the first line, comprising a 69-kilometer-long (43-mile) land section, is expected late this year, with first gas expected to flow shortly after.

An excerpt from AA