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ENERGY > Turkish Minister: Anatolia only feasible gas route for Israel, Greek Cyprus

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Turkey awaits normalization with Israel to discuss energy projects, as Israel’s energy plans would only be reasonable if Turkey was involved, Turkish Energy Minister has said

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A recently opened Israeli gas platform is seen about 15 kilometers west of the port city of Ashdod. The country started pumping gas on March 30. REUTERS photo

A recently opened Israeli gas platform is seen about 15 kilometers west of the port city of Ashdod. The country started pumping gas on March 30. REUTERS photo

Turkey is not indifferent toward Israel’s energy projects for transferring the Eastern Mediterranean natural gas and oil to the international markets, since the resources would be not be feasible unless they were transferred through Turkey, Turkish Energy Minister Taner Yıldız said.

“It is the same for Greek Cyprus,” Yıldız told reporters yesterday. “It will have no benefit to your people if you say ‘I will do it even if it is expensive.’ I’m telling this both for Israel and Greek Cyprus,” he said, adding that the projects would be meaningful only if the right move is made.

But, discussing energy deals before the restoration of ties between Turkey and Israel has been finalized would be impossible, according to the minister.

“As relations normalize in the future, then we can discuss if natural gas could be transferred by a pipeline through Turkey,” the minister said.

Israeli Prime Minister Benjamin Netanyahu offered an apology to his Turkish counterpart Recep Tayyip Erdoğan on March 22, over the Israeli raid on Gaza-bound flotilla the “Mavi Marmara” in 2010, which killed nine Turks.

The reason why Israel apologized to Turkey was “not the energy projects,” but those projects could form part of the outcome, the minister said.

Ankara would follow suit if Israel were to fulfill its commitments to restore ties with Turkey, Yıldız added. 

In 2009, Israel discovered some of the largest offshore reserves of natural gas. A burst of exploration followed and, by the end of 2013, 18 new wells are expected to be drilled at a cost of $1.8 billion.

Nuke plant process

On the other hand, Yıldız said the process for a second nuclear power plant in Turkey had been extended due to competition between bidding companies as Turkey sought further advantages. “We are very close to the final decision,” he said.Talks are continuing with four firms, from South Korea, Japan and China, who are bidding for the construction of a second nuclear plant in Turkey. In March, GDF Suez, a French electric utility company, with Japanese Mitsubishi Corp and Itochu Corp, submitted a joint bid to build the plant.

Turkey is already working on a separate plan to carry Caspian natural gas to the western province of İzmir, a project that might turn the energy-hungry country into a gas distribution hub. The $7 billion Trans Anatolia Pipeline (TANAP) is a joint project with Azerbaijan’s state-run Socar as two consortia, Nabucco West and Trans-Adriatic pipeline (TAP) competing to distribute the gas from the Shah Deniz II gas field to half a billion potential consumers in Europe.

April/03/2013

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READER COMMENTS

Notice on comments

Pawel Bury

4/10/2013 7:41:27 PM

Noble Energy CEO: No route to Turkey for Cyprus's and Israel's hydrocarbons. The rest is Turkish internal politics.

Dennis Kavaz

4/4/2013 6:58:32 AM

In to days World when it comes to business (though both G C and Israel are a stone in the Turkish boots) All the same in business politics should be left out. And any case as the others Turkey stands to benefit as well; and remember Turkey is not the only way to convey fuel to Europe; as the old saying there are lots of ways skinning a cut. To day nathing is impossible.

Ken Alden

4/3/2013 9:20:12 PM

@RichBind, Pre PM Erdogan era Turkish-Israeli relations were marked by Israeli mindset as expressed by Ariel Sharon's admonishment to Shimon Perez; "We Jews owe the World nothing but World owes us Jews a lot, we can demand and do whatever we want" Any agreement between to wellmeaning Partners has to be based on both, Letter and the Spirit of an Agreement and not on Clever Maneuvering, Quips or Caprices interpretations! P.S.Turkey owes Jewish people very little but Jewish People owe Turks a Lot!

cemal ahmet

4/3/2013 8:35:20 PM

@dogan kemal ileri,ur dreaming too like Mr.YILDIZ..ur clueless,you dont know what goes around &what comes around.CYPRUS privatized the industry, and the gov. no longer participated directly in exploration or production.Royalties are fixed at 25% of the produced petroleum, either oil or gas. 1 thing is clear- all involved E&P com. with a business model that can provide many options for growth and prosperity across economic and commodity price cycles could possibly even become an exporter of GAS

cemal ahmet

4/3/2013 7:34:56 PM

@Andrew Burke-bang on.Noble thinks that the entire Israeli gas market can average 800 million to 1 Bcf a day by the time Tamar is on line. Power generation will continue to burn the bulk of the gas, while the industrial market has the capability of reaching between 200- and 400 million a day.Mari-B had 25 miles of pipeline from the platform to the shore -the infrastructure is almost all over the country, and there’s no supply question, and Israel is very hungry for NG.Mr.YILDIZ keep dreaming.

cemal ahmet

4/3/2013 6:58:45 PM

Cyprus-A Discovery Transforming Cyprus to an energy exporting country  Resource Estimated at 5 – 8 Tcf Gross  Targeting Appraisal Well & Test in 2013(F/T-DST)  Working with Government on LNG Project Agreement  Paves the way for LNG development  Progressing Development Concept Evaluation  Domestic market supply  LNG export Forward plan -Floating LNG / Pipeline Export Options Noble can sell directly to high-pressure customers, By the way ,Im geologist -can you challenge with me Mr.YILDIZ ?

cemal ahmet

4/3/2013 6:35:30 PM

Another scam.Wake up Mr.YILDIZ,assuming you dont understand how the OIL&GAS -E&P works & stop dreaming.NOBLE already progressing multiple options Onshore LNG.  Sites in 3 different countries have been evaluated (Israel, Cyprus and Jordan)  Plan to complete Pre-FEED by 2Q 2013 and competitively bid FEED and EPC stages Floating LNG  Tamar FLNG being evaluated 3.4 MMtpa capacity target start-up ~2018  Leviathan FLNG – preparations underway to commence pre-FEED; provides alternative to onshore

Andrew Burke

4/3/2013 5:58:39 PM

I'd be surprised at this personally. I think Israel will use whatever gas it needs for itself and then look to export the rest as LNG, which will allow it access to more expensive markets like Japan and remove any transit problems through Lebanon, Syria or Turkey

greg gomes

4/3/2013 4:48:45 PM

@ rich bind - in reference to your comment. Now that Israel has apologized for its hijacking of the ship , perhaps it now also needs to feel what it is like to always be the underdog. While the Israelis hold all the cards over the Palestinians , it is a different kettle of fish with Turkey. It seems to me that what the Turks are asking for and indeed the rest of the civilized world , is to allow the Palestinians a homeland and to be able to live with dignity.

dogan kemal ileri

4/3/2013 3:55:25 PM

Wise up Greeks because Israel has sold you down the river as they will build a pipeline through Turkiye to market the eastern Mediterranean fossil fuels.Join in and prosper or just stew.
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