Turkey Property Turkey reaches gas pipeline agreement

Turkey has reached an agreement with the European Union (EU) and several countries in the Mashreq region regarding an international gas pipe.

The countries are to work together to finalise plans for the Arab Gas Pipeline by the end of the year.

Under the plans, existing pipelines will be extended through Turkey and into Europe to supply the continent with energy.

Cooperation and ongoing dialogue from all parties was encouraged at the meeting via the European Commission earlier this week.

Commissioner Ferrero-Waldner commented: "The Mashreq countries, Turkey and Iraq, are key energy partners for the EU, and it is important that we fully exploit the potential of our now well-established co-operation."

"The Arab Gas Pipeline is set to be finalised by the end of the year, opening important possibilities as a new transport route for gas to the EU. This is just one example of how we are working together to integrate our energy markets in our mutual interest."

This article was brought to you by Nirvana International - Specialists in Property in Turkey

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