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Thursday, January 12, 2012

Turkey to gain in Europe gas pipeline race - Arab News

Turkey to gain in Europe gas pipeline race

By REUTERS

Published: Jan 13, 2012 01:44 Updated: Jan 13, 2012 01:44

LONDON: Turkey stands to gain most from major movements in Europe's gas supply infrastructure expected in 2012 as both Russia and Azerbaijan negotiate pipeline contracts to ship gas to the European Union through the Bosporus.

BP and Statoil lead Azerbaijan's Shah Deniz II gas project which is expected to declare a winner in April to transport its 10 billion cubic meters (bcm) of gas per year to Europe.

More:Turkey to gain in Europe gas pipeline race - Arab News