Turkish President Erdogan says drilling of nine out of 10 wells in the first phase of the Sakarya gas field has been completed and work to connect the natural gas to Türkiye's system has been accelerated.
As China phases down on the usage of coal energy, Moscow sees an opportunity to decrease its dependence on Western buyers and make a pivot toward Chinese markets.
The two leaders discussed energy markets, food security, the situation in Libya, Syria and the Iran nuclear talks.
Paris has pushed back against the 3 billion euro gas pipeline amid pressure from Spain and Germany, who argue the project can help solve Europe’s energy supply problems.
Natural gas and crude oil prices have recently soared to record levels in Europe as Russia chokes off supplies.
The move comes as the country strives to wean itself off Russian natural gas in response to Moscow's attack on Ukraine.
Türkiye's drill ship, Fatih, had discovered 405 billion cubic meters (bcm) of gas in the Black Sea in July 2020, followed by a second discovery of 135 bcm in June 2021.
Abdulhamid Han drill ship is a "symbol of Türkiye's new vision" in field of energy, Turkish President Recep Tayyip Erdogan says.
An agreement has been signed to export Israeli gas to Egypt, where it will be liquefied before exporting to Europe as the EU seeks to reduce dependency on Moscow.
Algeria warns it would terminate gas supplies to Spain if Madrid re-exported it to Morocco, a neighbour with which it is locked in a dispute over the Western Sahara region.
A confidential report sent to German lawmakers underlines Türkiye’s growing importance for Germany in particular and for Europe in general following Russian onslaught on Ukraine.
As tensions over Ukraine continue to rise, here’s a look at the reasons behind Europe’s gas crisis.
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