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Al Arabiya
22-05-2025
- Business
- Al Arabiya
Turkey says increasing energy exports to Syria
Turkish Energy Minister Alparslan Bayraktar said Thursday in Damascus that his country would ramp up energy exports to Syria to help boost electricity supplies as its neighbor seeks to recover after years of war. 'We want to triple our current electricity exports to meet Syria's electricity needs and realize an electricity export of approximately 1,000 megawatts in the coming months,' said Bayraktar during a press conference with his Syrian counterpart Mohammad al-Bashir. 'In a very short time', Turkey also plans to start gas exports to Syria's Aleppo and Homs 'of approximately two billion cubic meters per year', Bayraktar said, after signing an agreement with Bashir on energy cooperation. The Turkish minister added that the exports would add 'an additional contribution of 1,200 or 1,300 megawatts' to Syria's electricity production. He expressed hope that the moves would help boost Syria's electricity supply to more than 10 hours a day. Bashir said the two sides agreed to activate a gas pipeline from Turkey to Syria in June. Earlier this month, the ministers said they had reached a deal for Turkey to supply Syria with six million cubic meters of natural gas a day through a pipeline running from Kilis in southern Turkey to Aleppo in northern Syria. Syria's new authorities, who toppled Bashar al-Assad in December, are seeking to rebuild the country's infrastructure and economy after almost 14 years of civil war. The conflict badly damaged Syria's power infrastructure, leading to cuts that can last for more than 20 hours a day. Bayraktar said that 'the framework agreement we signed together today in the field of energy and minerals and hydrocarbons constitutes an important roadmap'. Turkey is ready to develop projects to help improve Syrians' living conditions 'with our own companies - state companies, private companies and international partnerships', he added. Bashir said they had also agreed 'to form specialized technical committees' on energy to 'complete the agreement procedures' and follow up on implementation. Syria is seeking to attract investments, particularly after the United States and the European Union announced this month that they would lift economic sanctions. In March, Qatar said it had begun funding gas supplies to Syria from Jordan, in a move aimed at addressing electricity production shortages and improving infrastructure. Both Turkey and Qatar have close ties with Syria's new authorities and were the first two countries to reopen their embassies in Damascus after al-Assad's ouster.
Asharq Al-Awsat
17-05-2025
- Business
- Asharq Al-Awsat
Türkiye Finds New Natural Gas Reserve in Black Sea
Türkiye has discovered a new reserve of 75 billion cubic metres (bcm) of natural gas during drilling works in the Black Sea, President Tayyip Erdogan said on Saturday. "With this discovery, we will meet the natural gas needs of homes in Türkiye for 3.5 years," Erdogan said during an event in Istanbul, Reuters reported. The discovery, with an economic value of around $30 billion, was found in the Goktepe-3 well at a depth of 3,500 metres, Erdogan said. Türkiye's daily natural gas production at its flagship Sakarya field in the Black Sea has reached around 9.5 million cubic metres, as the country ramps up its energy ambitions both at home and abroad. Türkiye, which imports over 90% of its energy needs, is pushing to cut its import bill and boost supply security by developing domestic resources and expanding international partnerships in oil and gas exploration.
