Page 20 - EurOil Week 29

EurOil NEWS IN BRIEF EurOil

Greece accuses Turkey of of the two countries should secure a be unequivocally considered a crime
against humanity ... it should be given an
diversification of routes and sources of
attempting to encroach on its natural gas supply for Bosnia through the appropriate international response and
probe,” Armenian Prime Minister Nikol
liquefied natural gas (LNG) terminal on the
continental shelf island of Krk and the future Ionian-Adriatic Pashinyan said.
Nassirov spoke on a conference call
gas pipeline, increasing natural gas transit
Greece on July 21 accused Turkey of through Croatia. organised by US-based think-tank the
attempting to encroach on its continental The Krk project is anticipated to deliver Caspian Policy Center. He called on the
shelf. gas not only to Croatian customers but West to help protect Azerbaijan’s energy
Turkey and Greece are in serious potentially others in Hungary, Italy, exports.
disagreement over overlapping claims for Montenegro, Serbia and Slovenia. Its “I would use this opportunity to
hydrocarbon resources, with Athens also €234mn ($266mn) cost is partially covered invite our colleagues in Washington and
backing Cyprus in its attempts at stopping by a €101mn grant from the European elsewhere to think about how fragile ...
what it sees as Turkish infringements of its Commission, which has listed it as an EU this region is and to think how to provide
exclusive economic zone in Ankara’s search project of common interest (PCI). The Krk ... military and physical security to the
for gas and oil in the eastern Mediterranean. LNG terminal will have a capacity of 2.6bn corridor, which is providing energy
An advisory known as a Navtex was cubic metres of natural gas per year as of security to Europe,” Nassirov said.
issued by Turkey’s navy on July 21 for 2021.
seismic surveys in an area of sea between
Cyprus and Crete. It is in effect until US threatens companies
August 20. The Greek foreign ministry Azerbaijan warns of
said the advisory covered part of the Greek involved in TurkStream
continental shelf. security risks to oil and
“We call on Turkey to immediately project
cease these illegal actions which violate our gas supplies to Europe
sovereign rights and undermine peace and The US State Department is taking
security in the area,” the ministry said in a following Armenia clashes steps that could expose investors in two
statement. pipeline projects designed to carry natural
A protest had been lodged with the Elshad Nassirov, vice president of Azeri gas from Russia to Turkey and Europe
Turkish foreign ministry while the United state energy company Socar, noted during to sanctions, US Secretary of State Mike
Nations, the five permanent members of a conference call reported by Reuters that Pompeo has said.
the UN Security Council, Nato and the some of the energy infrastructure involved Speaking at a news conference, Pompeo
European Union had been informed, it in shipping Caspian oil and gas to world said his department was updating public
added. markets is located in the vicinity of the guidance for authorities under the
Greek Prime Minister Kyriakos current military operations. 2017 Countering America’s Adversaries
Mitsotakis said earlier on July 21 that unless Fifteen servicemen from Azerbaijan and Through Sanctions Act that could “put at
Turkey backed down, European Union Armenia and one Azeri civilian died last risk” of US sanctions investors in the Nord
sanctions against its Nato ally could be week in clashes between the two countries. Stream II pipeline running from Russia to
inevitable, Reuters reported. Nassirov told the call that if they looked Germany and a branch of the TurkStream
“As long as Turkey continues to take this at a map they would see that clashes had pipeline running from Russia to Turkey via
path, sanctions on Turkey will be a one-way taken place near some of its infrastructure. a Black Sea route.
street,” he told German Foreign Minister He said the Baku-Tbilisi-Ceyhan oil TurkStream was opened by Turkish
Heiko Maas, who was visiting Athens. pipeline, the Baku-Supsa oil pipeline, the President Recep Tayyip Erdogan and
Baku-Tbilisi-Erzrum gas pipeline and his Russian counterpart Vladimir Putin
some other facilities were located not far on January 8. It directly connects large
Plinacro, BH Gas agree on from the territory where clashes had taken gas reserves in Russia to the Turkish gas
place.
transportation network, with the aim of
three-year cooperation plan Adriatic Pipeline (TAP), the last stretch providing energy supplies for Turkey and
Nassirov also mentioned the Trans-
south and southeast Europe.
to link networks of the Southern Gas Corridor (SCG) set of 31.5 bcm. The first line, with a capacity
Turkstream has a total annual capacity
of interconnected pipeline. The corridor,
Croatian natural gas transmission when operational, is set to reduce Europe’s of 15.75 bcm, is designated for supplies
operator Plinacro and Bosnia & dependence on Russian gas supplies with to Turkey’s domestic customers, and the
Herzegovina’s BH-Gas have signed the provision of Azerbaijani gas from the second line, with the same capacity, is
a memorandum of understanding Caspian Sea to Italy via a route running to carry Russian gas further onwards to
(MOU) to extend works on linking the through Georgia, Turkey, Greece and Europe through Bulgaria, although there
gas transmission systems of the two Albania and across the Adriatic Sea seabed. have been delays in rolling out the required
countries by three more years, Plinacro “The pipeline will be ready and Bulgarian pipeline infrastructure.
said in a statement. operational in time in October-November
In the next three years, the two this year,” he reportedly said.
companies will work on linking the gas Armenia on July 18 also warned about Spain’s Naturgy shares
transmission systems at the Imotski- security risks to the region after Azerbaijan
Posusje, Slobodnica-Brod and Rakovica- said two days previously it might strike the tumble as profits slump in H1
Trzac points. Metsamor nuclear power plant.
The connection of the gas networks “This is a statement that should Spanish utility Naturgy on July 22 reported a

P20 www. NEWSBASE .com Week 29 23•July•2020