"I can confirm the Pioneering Spirit is currently installing the pipeline in Danish waters," the Allseas spokesman said.

The Turkish and Azeri presidents on Saturday inaugurated the Europe link of the strategic Trans-Anatolian Natural Gas Pipeline (TANAP).

Turkmenistan's economic growth continues to be driven by both the hydrocarbon and nonhydrocarbon sectors. External balances remain in surplus, buoyed by exchange controls in line with import substitution and export promotion objectives.

The timeline for work to lay the section of pipeline in Danish waters will be key to when Nord Stream 2 is able to begin flowing gas, with wider implications for the European gas market -- including whether Russia's Gazprom agrees a new transit deal with Ukraine's Naftogaz.

Renewable energy resources have accounted for 46% of Turkey's electricity generation so far this year, Energy and Natural Resources Minister Fatih Dönmez said Tuesday.

The EBRD expects Turkey’s economy to start growing again in the second half of 2019, although a mild contraction is expected for the year as a whole.

After threatening last week to increase the US tariff on imports of Turkish steel to 50%, President Donald Trump said Wednesday he had instructed the Department of the Treasury to lift all sanctions imposed on Turkey in light of a pause in the latter country's military operations in northeastern Syria -- but some saw the initial threat as hollow and of no major impact on Turkey-US steel trade flows.

The impact of the dual TurkStream (TS) natural gas pipeline will be significant in changing the region's gas flow patterns

The proposed legislation would also impose sanctions on any military transactions with Turkey, set sanctions on anyone who supports Turkey’s domestic energy industry for use by its armed forces, prohibit the sale of U.S. defense articles to the Turkey armed forces and define Turkey’s purchase of Russia’s S-400 missile defense system as “significant” and subject to sanctions.

Plans for the Turkish Wealth Fund (TVF) to take part in investments in the energy sector were highlighted in the New Economy Program (NEP), which covers the period 2020-2022, and will be implemented under the main theme of "Change Begins."