Daily Sabah logo

Politics
Diplomacy Legislation War On Terror EU Affairs Elections News Analysis
TÜRKİYE
Istanbul Education Investigations Minorities Expat Corner Diaspora
World
Mid-East Europe Americas Asia Pacific Africa Syrian Crisis Islamophobia
Business
Automotive Economy Energy Finance Tourism Tech Defense Transportation News Analysis
Lifestyle
Health Environment Travel Food Fashion Science Religion History Feature Expat Corner
Arts
Cinema Music Events Portrait Reviews Performing Arts
Sports
Football Basketball Motorsports Tennis
Opinion
Columns Op-Ed Reader's Corner Editorial
PHOTO GALLERY
JOBS ABOUT US RSS PRIVACY CONTACT US
© Turkuvaz Haberleşme ve Yayıncılık 2025

Daily Sabah - Latest & Breaking News from Turkey | Istanbul

  • Politics
    • Diplomacy
    • Legislation
    • War On Terror
    • EU Affairs
    • Elections
    • News Analysis
  • TÜRKİYE
    • Istanbul
    • Education
    • Investigations
    • Minorities
    • Expat Corner
    • Diaspora
  • World
    • Mid-East
    • Europe
    • Americas
    • Asia Pacific
    • Africa
    • Syrian Crisis
    • Islamophobia
  • Business
    • Automotive
    • Economy
    • Energy
    • Finance
    • Tourism
    • Tech
    • Defense
    • Transportation
    • News Analysis
  • Lifestyle
    • Health
    • Environment
    • Travel
    • Food
    • Fashion
    • Science
    • Religion
    • History
    • Feature
    • Expat Corner
  • Arts
    • Cinema
    • Music
    • Events
    • Portrait
    • Reviews
    • Performing Arts
  • Sports
    • Football
    • Basketball
    • Motorsports
    • Tennis
  • Gallery
  • Opinion
    • Columns
    • Op-Ed
    • Reader's Corner
    • Editorial
  • TV

Best way to deliver Israeli gas is through Turkey, ambassador claims

by AA

ANKARA Nov 16, 2014 - 12:00 am GMT+3
No Image
by AA Nov 16, 2014 12:00 am
The most practical route for the delivery of Israeli natural gas to Europe is through Turkey, the Ambassador of Turkish Republic of Northern Cyprus said on Friday.

Israel plans to export its natural gas by one of two possible routes to reach the European market, according to energy experts.


While one of the options is to deliver the gas through southern Cyprus to Greece and to Europe, the other viable option is to use the route through northern Cyprus to Turkey and then to Europe.

"Delivering the Israeli gas through southern Cyprus is not feasible," said Fazıl Can Korkut, Ambassador of the Turkish Republic of Northern Cyprus to Turkey, at an event to commemorate the foundation of Turkish Republic of Northern Cyprus in Ankara.

"The cheapest and most practical way is to transfer the gas to Europe through Turkey," he added.

Both Israel and Egypt held trilateral meetings with Greece and the Greek Cypriot administration in November to discuss a strategy for the natural gas resources in eastern Mediterranean.


While Egypt needs natural gas imports to satisfy its rising demand for energy, Israel is said to have vast untapped gas resources at the Leviathan field, located off the coast of Israel and southeast of Cyprus.

The Leviathan field is estimated to have 510 billion cubic meters of natural gas reserves, while Cyprus' Aphrodite gas field has 200 billion cubic meters, according to the U.S. Energy Information Administration data.

"This project is only possible with a resolution of differences between the two sides. Unfortunately, tensions have so far outweighed resolve," said Korkut, referring to differences between the Turkish Republic of Northern Cyprus and the Greek Cypriot administration.

The Greek Cypriot administration put peace talks on hold in early October after Turkey sent a research ship to explore oil and gas reserves off the island's southern coast.

Turkey has said that the natural resources of Cyprus belong to the whole population of the island, and should be shared equally.

"The Turkish Republic of Northern Cyprus has equal and sovereign rights to the island's natural resources and will not change its policies," said Korkut.

But he said that Turkey and the Republic of Northern Cyprus are determined to find a solution for the island.

"A technical committee should be formed so that the two sides may discover, extract, and share the hydrocarbon reserves of the island," he concluded.

The Turkish Republic of Northern Cyprus was founded in 1983, after Cyprus was divided into northern Turkish and southern Greek territories, when a Greek-Cypriot coup in 1974 to join the island to Greece was answered by a Turkish peace mission.
  • shortlink copied
  • Last Update: Nov 16, 2014 10:55 am
    KEYWORDS
    business
    The Daily Sabah Newsletter
    Keep up to date with what’s happening in Turkey, it’s region and the world.
    You can unsubscribe at any time. By signing up you are agreeing to our Terms of Use and Privacy Policy. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
    No Image
    Flags lowered to half-mast: 3 days of national mourning declared in Türkiye
    PHOTOGALLERY
    • POLITICS
    • Diplomacy
    • Legislation
    • War On Terror
    • EU Affairs
    • News Analysis
    • TÜRKİYE
    • Istanbul
    • Education
    • Investigations
    • Minorities
    • Diaspora
    • World
    • Mid-East
    • Europe
    • Americas
    • Asia Pacific
    • Africa
    • Syrian Crisis
    • İslamophobia
    • Business
    • Automotive
    • Economy
    • Energy
    • Finance
    • Tourism
    • Tech
    • Defense
    • Transportation
    • News Analysis
    • Lifestyle
    • Health
    • Environment
    • Travel
    • Food
    • Fashion
    • Science
    • Religion
    • History
    • Feature
    • Expat Corner
    • Arts
    • Cinema
    • Music
    • Events
    • Portrait
    • Performing Arts
    • Reviews
    • Sports
    • Football
    • Basketball
    • Motorsports
    • Tennis
    • Opinion
    • Columns
    • Op-Ed
    • Reader's Corner
    • Editorial
    • Photo gallery
    • DS TV
    • Jobs
    • privacy
    • about us
    • contact us
    • RSS
    © Turkuvaz Haberleşme ve Yayıncılık 2021