Qatar and Turkey Inching Closer to LNG Deal

From Coal Guru

Gulf News reported that by Zia Khan A high level Qatari delegation will visit Turkey this month in in a bid to finalize a deal between the two countries for long term import of liquefied natural gas from the Gulf state to the Asiatic European country.

Mr H Emre Yunt Turkish Ambassador to Qatar said that his country would like to see the arrangement signed as soon as some issues on the pricing of the commodity are settled. The volume of Qatari LNG import to Turkey can at least be doubled from its current level if the long term agreement is put in place.

Mr Yunt said that we look forward to it. It is important for our economy and will our cement brotherly ties with Qatar, whose country has seen a remarkable surge in energy demands to meet the growing needs of industrial sector. He could not, however, predict whether the deal can be sealed during the visit saying it will be too early to comment on that.

The ambassador explained the negotiations for the LNG agreement are ongoing and the issue was high on agenda at the meetings of Turkish Prime Minister Mr Recep Tayyip Erdogan had with the Qatari leadership during his visit to Doha last week.

The disclosure by the ambassador came on the heels of reports last month that Turkey was seeking to buy an additional 6 billion cubic meters of LNG including some from Qatar under long term contracts to meet its growing energy needs.

Mr Taner Yildiz energy minister of Turkey then said reporters in Ankara talks with Qatar on the purchase have begun but the world’s biggest LNG producer may not provide all of the additional fuel. Turkey wants to procure the LNG by 2015.

He said that the country of 75 million people at the crossways of the Asian and European continents is heavily dependent on imported energy and is seeking to diversify supplies as demand grows.

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