Posted on 13 July 2017
Turkey’s energy minister Berat Albayrak has confirmed that he will visit Israel before the end of 2017 to finalise an ambitious gas line project from Israel to Turkey. The announcement was made at the 22nd World Petroleum Congress in Istanbul that ran from the 9th to the 13th of July. Known as the Olympics of the gas and oil industry, Berat Albayrak meet with his counterpart at this event, to discuss the visit, that would cement a deal before the year is out.
Israel is developing many of its natural resources and is looking to Turkey to make its natural gas fields more widely available as well as economically workable. Adding that the pipeline could then further be extended to the Balkans and Europe, the Energy Minister for Israel, Yuval Steinitz, said no exact date had been confirmed to finalise the deal, but this would be done in the next few months.
The Turkish Stream Natural Gas Pipeline
Possible inspiration for the pipeline between Israel and Turkey could be the Turkish Stream project that was finalised in October 2016. Following renewed relationships between Russia and Turkey after many months of turbulent events, Gazprom, the Russian gas giant, started construction this year on the Turkish stream that sees a pipeline running from southern Russia to north-western Turkey. Russia is already the country’s biggest gas provider and has been keen for the project to start, with an expected completion date of 2019.
Diversifying the Energy Industry of Turkey
Turkey’s driving ambitions behind its energy market are a calculated effort to ensure economic stability and cement relationships. While the country is entirely self-sufficient on food, it mostly relies on foreign influences for energy source however Turkey is also ploughing millions into developing biogas plants around the country, to reduce this dependency.
Utilising methane gas from household and animal waste, disposal and recycling energy plants have opened throughout Turkey to provide homes with electricity in an economical and environmentally friendly manner. Roughly 36 biogas plants are currently in service, although industry experts, say this number could rise into the thousands in years to come
Wind solar panels have also been installed in many areas especially on the western coast, that includes the major city of Izmir and towns that experience a boost in population during summer when the tourism season starts.
The Turkish government website has clearly stated their intention for the energy sector which is experiencing growth at a rapid rate. They aim to diversify energy supply routes, increase the share of renewable energy and contribute to Europe’s energy security.
They also planned to take significant steps to improve energy efficiency, which has partly been achieved by the privatisation of electric companies. In years gone by, electric cuts were a frequent occurrence however in westernised areas and especially hubs of business, education and tourism, they have been drastically decreased, in many cases providing constant supply to households, business, offices and hospitality establishments.
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Image Credit : worldbank.org