Let's discuss Russia's monpolistic ways of recent times. Looky here. For thos who don't know they are also in talks to take over Centric (British Gas). Big bad Independant Oil companies?? Think we should all be afraid of Russia... Let's talk about Beslan, the Ukrain's 4 fold increase, cutting off supplies leaving poor people freezing at a whim (in the dead of a very cold winter!)
Turkey and Russia to extend gas pipeline to Israel
[Turkish Daily News]
Turkish Daily News via NewsEdge Corporation :
A pipeline carrying Russian natural gas to Turkey will be extended to deliver supplies to Israel and Lebanon, the Turkish energy minister said on Friday.
Turkey's state-run gas company Botas and Russia's Gazprom, which operate the undersea pipeline, will hold talks on extending it from the Black Sea port of Samsun to Turkey's Ceyhan oil terminal on the Mediterranean and then to Israel and Lebanon, said Energy Minister Hilmi Guler. Those talks should be completed within the next two months, he said.
Guler made his announcement after meeting with Gazprom CEO Alexei Miller.
The energy minister said Miller also offered to extend the pipeline westward to Greece and then to Italy. "A joint company will be formed for that project," Guler said.
Miller suggested that a new pipeline also be built under the Black Sea in order to secure natural gas exports to Turkey. He accused Ukraine, with which Russia recently resolved a bitter price dispute, of siphoning off 550 million cubic meters of Russian gas meant for Europe in January.
Turkey, a NATO member, is aspiring to become an energy hub for Europe.
"We consider Turkey as a reliable partner to transit gas to third countries," Miller said.
The underwater Blue Stream pipeline pumps around 112 billion cubic feet, or about 3 billion cubic meters, of gas a year, but has the potential to more than quadruple that volume. The pipeline has been running for more than two years but was officially inaugurated in November.
The Blue Stream pipeline is the world's deepest undersea pipeline, stretching from southern Russia under the Black Sea to the Durusu Metering Station, a gas terminal outside the port city of Samsun. An extension of the pipeline then carries the gas to the capital, Ankara.
Guler said Turkey and Russia were planning to further extend the pipeline to Turkey's southern Mediterranean port of Ceyhan, where an oil pipeline already brings Iraqi crude. Another pipeline will bring Azerbaijani Caspian oil to the same port.
Russia is Turkey's number one gas supplier. Turkey also receives Russian gas through a separate pipeline from Bulgaria. Turkey separately buys gas from Iran through another pipeline