Natural gas prices in Europe have skyrocketed this year while storage levels are low, as the threat of power cuts over the upcoming winter loom.
Ankara’s intensification of exploration and drilling activities will coincide with easing of pandemic restrictions, with Exxon Mobil, Eni, and Total suspending activities until next year.
A drop in oil prices is a good sign for consumers, but current economic conditions and the coronavirus pandemic makes it difficult to see who stands to benefit.
No project in the Eastern Mediterranean can achieve its full potential without taking Turkey on board.
The Turkish and Russian presidents formally launched TurkStream gas pipeline which will carry Russian natural gas to southern Europe through Turkey. The project is part of Moscow's efforts to reduce shipments via Ukraine.
Turkey's top diplomat Mevlut Cavusoglu says mercenaries cannot bring peace and stability to Libya.
Gazprom said Naftogaz of Ukraine has confirmed receipt of $2.918 billion in compensation from Gazprom in compliance with the 2018 Stockholm Arbitration's award.
The TurkStream natural gas pipeline will carry 15.75 billion cubic meters of Russian gas to Turkish consumers.
US President refuses to endorse bill, which angered Turkey, and exposed rifts between the White House and US lawmakers.
Reports by Israeli state radio alleges Turkey proposed that the gas pipeline run from Israeli reservoirs through Turkey into Europe.
Energy Minister Steinitz called the permit a “historic landmark” for Israel. With the expected gas boon from a lucrative Israeli gas field in the Mediterranean Sea, Israel plans to wean itself off coal and potentially revolutionise its economy.
Turkey exerts its influence in the region as other players sign maritime deals to exploit offshore hydrocarbon reserves.
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