Tweet
BRYZA IN WORKS WITH TURKISH COMPANY TO BUILD PIPELINE
http://asbarez.com/113977/bryza-in-works-with-turkish-company-to-build-pipeline/
Tuesday, September 17th, 2013
Former ambassador Matthew Bryza
Bryza in Works with Turkish Company to Build Pipeline
NICOSIA, Cyprus-Turkey's Turcas Holding company has submitted a
$2.5 billion offer to Israel for the construction of a 470-kilometer
pipeline between Israel and Turkey.
The company, affiliated with Azerbaijan's state oil company SOCAR,
plans for an undersea pipeline that will connect Israel's newly
discovered natural gas deposits in the eastern Mediterranean to Turkey.
Mathew Bryza - the former American ambassador to Baku, whose
continued ambassadorship was blocked with the help of the ANCA after
the uncovering of serious conflicts of interest - is a member of the
company's board and announced the offer worth $2.5 billion during an
energy conference held in Cyprus.
Bryza said the 470-kilometers-long pipeline would have a capacity to
transfer 16 billion cubic meters of natural gas a year. The former
diplomat also stressed that if the political problems between Turkey
and Israel affected the construction, all cost and responsibility
would be assumed by Turcas.
Meanwhile, Israel's daily Globus said Turkey's Zorlu Group was also
in talks with Israel regarding the building of pipelines and buying
natural gas. Globus said Zorlu, which was constructing a power plant
in the Ashkelon province of Israel, contacted the companies that had
shares in Israel's natural gas region, Leviathan, and made offers
for buying natural gas and constructing a pipeline.
Israel's government in June approved limiting natural gas exports to
about 40 percent of the country's newly-discovered offshore reserves.
Two of the world's largest offshore fields found in the past decade
lie in Israeli waters. Tamar, with an estimated 280 billion cubic
meters, was discovered in 2009. A year later, Leviathan was found,
with an estimated 530 billion cubic meters.
From: A. Papazian
http://asbarez.com/113977/bryza-in-works-with-turkish-company-to-build-pipeline/
Tuesday, September 17th, 2013
Former ambassador Matthew Bryza
Bryza in Works with Turkish Company to Build Pipeline
NICOSIA, Cyprus-Turkey's Turcas Holding company has submitted a
$2.5 billion offer to Israel for the construction of a 470-kilometer
pipeline between Israel and Turkey.
The company, affiliated with Azerbaijan's state oil company SOCAR,
plans for an undersea pipeline that will connect Israel's newly
discovered natural gas deposits in the eastern Mediterranean to Turkey.
Mathew Bryza - the former American ambassador to Baku, whose
continued ambassadorship was blocked with the help of the ANCA after
the uncovering of serious conflicts of interest - is a member of the
company's board and announced the offer worth $2.5 billion during an
energy conference held in Cyprus.
Bryza said the 470-kilometers-long pipeline would have a capacity to
transfer 16 billion cubic meters of natural gas a year. The former
diplomat also stressed that if the political problems between Turkey
and Israel affected the construction, all cost and responsibility
would be assumed by Turcas.
Meanwhile, Israel's daily Globus said Turkey's Zorlu Group was also
in talks with Israel regarding the building of pipelines and buying
natural gas. Globus said Zorlu, which was constructing a power plant
in the Ashkelon province of Israel, contacted the companies that had
shares in Israel's natural gas region, Leviathan, and made offers
for buying natural gas and constructing a pipeline.
Israel's government in June approved limiting natural gas exports to
about 40 percent of the country's newly-discovered offshore reserves.
Two of the world's largest offshore fields found in the past decade
lie in Israeli waters. Tamar, with an estimated 280 billion cubic
meters, was discovered in 2009. A year later, Leviathan was found,
with an estimated 530 billion cubic meters.
From: A. Papazian