Dependence on Russian gas – big risk for Turkey, says deputy PM

Dependence on Russia in gas supply is a big risk for Turkey, says Turkey's Deputy Prime Minister Mehmet Simsek.

He made the remarks during a meeting on "Changing dynamics of energy supply security, resource diversification and regional integration" held as part of the General Assembly of the Islamic Development Bank, the TRT TV channel reported May 18.

The natural gas import accounts for 97 percent of the total consumption in Turkey, said Simsek.

"Russia accounts for 58 percent of the total volume of gas import [to Turkey]," said the deputy prime minister. "Undoubtedly, the dependence on Russian gas is a big risk for Turkey."

"We want to reduce the dependence on suppliers and are constructing the Trans Anatolian Pipeline (TANAP) for this purpose," he added.

TANAP project envisages transportation of gas of Azerbaijan's Shah Deniz field from Georgian-Turkish border to the western borders of Turkey.

Turkey will get gas in 2018 and after completing the construction of Trans-Adriatic Pipeline (TAP), it will be delivered to Europe in early 2020.

Currently, the shareholders of TANAP are: the State Oil Company of Azerbaijan (SOCAR) - 58 percent, Botas - 30 percent and BP - 12 percent.

Source: Trend