TURKEY & RUSSIA: BLUE STREAM
Turkey and Russia have agreed in principle on raising the capacity of the Blue Stream pipeline, which brings in Russian gas via the Black Sea, to 19 billion cubic meters (bcm) annually from 16 bcm, Energy Minister Taner Yildiz said on Monday.
Yildiz also said Turkey would hold talks with Russia on a new contract for the private sector to buy natural gas at a 'reasonable' price and that it may import electricity from Iran, Georgia and Bulgaria in the summer if there was a problem with electricity production due to drought.
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Instead, with the planned referendum just days away, Russian state oil giant Rosneft announced its latest investment last week, to help Iraqi Kurdistan develop its natural gas industry, for domestic supplies and eventual export.
Iran exported over 5 billion cubic meters (bcm) of natural gas during the first five months of the current Iranian calendar year (March 21-August 22), Dispatching director of National Iranian Gas Company (NIGC) announced.
Gazprom Neft has shipped its second and largest cargo of Iraqi crude to the US since the Badra field, its flagship overseas oil project, came on stream in 2014, the Russian oil company said Tuesday.
Qatargas has agreed to sell 1.5 million tpy of LNG to Turkey’s BOTAŞ Petroleum Pipeline Corporation (BOTAŞ) over a period of three years