Politics & Regulation

Alexey Miller, Chairman of Gazprom and Mehmet Konuk, Chairman Botas sign MOU (© 2014 Gazprom)
Alexey Miller, Chairman of Gazprom and Mehmet Konuk, Chairman Botas sign MOU (© 2014 Gazprom)

Ever more Russian gas bound for Turkey: Fallout from South Stream

Russia and Turkey have signed a Memorandum of Understanding to construct a new offshore natural gas pipeline from the Russian Federation across the Black Sea to Turkey. The pipeline will have a capacity of 63 billion cubic meters per annum with 14 billion cubic meters envisioned for the Turkish market and some 50 billion cubic meters for Europe.

Silvan Schlomo, Israel's Energy Minister, visits a processing plant off the coast of Ashdod in March (© 2014 Moshe Binyamin/Energy and Water Ministry)
Silvan Schlomo, Israel's Energy Minister, visits a processing plant off the coast of Ashdod in March (© 2014 Moshe Binyamin/Energy and Water Ministry)

Israel seeks to enter the European gas fray

Looking to capitalize on a massive natural gas reservoir discovered in disputed territorial waters 90 km off the joint Israel - Lebanese border, Israel has proposed that the EU invest in a multi-billion euro 1530 km offshore pipeline to carry the product to Europe.