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Turkey and Egypt mull joint gas exploration-20 Sep 11

Reuters cited Mr Taner Yildiz energy minister of Turkey as saying that Turkey may carry out gas exploration in the Mediterranean with Egypt and that it was considering importing gas from the North African country.
Mr Yildiz said that Turkey and Egypt may work together in oil and gas we have discussed this topic now some time is needed we may carry out exploration in the Mediterranean. We are importing natural gas from five countries we are considering if we can add Egypt as the sixth we are also in talks regarding LNG.
He said that Turkey had signed two energy memorandum of understanding deals with Egypt one of them regarding cooperation of third party countries and the other was related to power. Turkey would set up an electricity transmission line between Syria, Lebanon, Jordan, Palestine, Egypt and Libya in seven to 8 years.

( Source: www.Steelguru.com )

Sep 20, 2011 09:59
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