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Turkey energy minister 'to visit Israel for pipeline deal'

AFP  |  Istanbul 

Turkey's Energy Minister Berat Albayrak is set to visit by the end of this year to conclude an agreement for the building of a natural gas pipeline from the Jewish state to Turkey, the Israeli energy minister said today.

A visit by Albayrak, son-in-of Turkish President Recep Tayyip Erdogan and a key member of his inner circle, would be a significant diplomatic move by Ankara after a rapprochement deal last year between the two countries mended a long-standing rift.

The crisis was triggered by Israel's deadly storming in 2010 of a Gaza-bound ship which left 10 Turkish activists dead. But the two countries normalised ties in June last year and rapidly begun discussing the gas pipeline project.

Israeli Energy Minister Yuval Steinitz said both countries decided to accelerate efforts to conclude by the end of this year an intergovernmental agreement that will enable the construction of a pipeline from to Turkey.

"Hopefully, Mr. Albayrak will pay a visit to this year in 2017, which will help us accelerate and try to conclude this agreement," the minister said at the World Petroleum Congress in Istanbul after meeting Albayrak.

He added that no exact date had been fixed but it would take place in the coming months.

Turkey, which largely depends on foreign supplies for its energy needs, is keen to diversify resources and has a close eye on Israel's own developing resources.

is searching for energy partners to develop its Leviathan natural gas field in a bid to make it economically feasible.

"We want to build a pipeline stretching from to Turkey in order to able to export natural gas from to Turkey," Steinitz said, adding that the Israeli gas could be delivered to Europe and to the Balkans through Turkey.

is also moving ahead with plans, together with Italy, Greece and Cyprus, to build the world's longest undersea gas pipeline from the eastern Mediterranean to southern Europe, with support from the European Union.

If carried out as planned, the long-discussed USD 6.2- billion pipeline will take gas from and Cyprus's offshore gas reserves to Europe, potentially reducing European dependence on Russian energy.

Both and Cyprus have started to extract gas from their offshore fields in recent years, and officials have sought to market that gas to Europe an an alternative to Russian monopoly over gas supplies.

Erdogan warned this week global energy companies to stay away from any deal with Cyprus for gas and oil exploration in the eastern Mediterranean after talks missed a "big opportunity" to unite the divided island.

Asked if eastern Mediterranean could be a source of tension between and Turkey, Steinitz said: "Hopefully this region will find its way in the future to cooperate and establish good relations," he said.

Steinitz hailed both pipeline projects with Turkey and Europe as "extremely important" and said: "Don't force me to choose".

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Wed, July 12 2017. 22:22 IST