Ukraine, Turkey discuss gas supplies through Trans-Balkan Corridor

Ukraine, Turkey discuss gas supplies through Trans-Balkan Corridor

During the working visit of President of the Republic of Turkey Recep Tayyip Erdoğan to Ukraine, Minister of Energy of Ukraine German Galushchenko discussed the diversification of energy supplies with Minister of Energy and Natural Resources of Turkey Fatih Dönmez.

"The parties discussed the issues of strengthening energy security in the region, diversifying energy supplies, developing renewable energy," the Ministry of Energy informs.

"The Republic of Turkey is Ukraine’s strategic partner in the energy sector. Cooperation on diversification of natural gas sources and supply routes in the context of strengthening energy security in the region is especially important. In particular, the issue of gas supply through the Trans-Balkan Corridor needs special attention. Ukraine is also interested in strengthening the partnership with Turkey in the natural gas production, in particular, on the Black Sea shelf, as well as in using the potential of Ukrainian underground gas storage facilities by the Turkish side," Galushchenko stressed.

The Turkish side confirmed its interest in using Ukrainian underground storage facilities, while noting that it supports the use of reverse gas flows through the Trans-Balkan route and plans to develop a partnership with Ukraine in the production of hydrocarbons on the shelf.

The parties also pointed out the significant potential of Ukrainian-Turkish cooperation in the development of renewable energy: Ukraine's synchronization with ENTSO-E will open opportunities for new investments in renewable energy sources, which is very important given the positive experience of Turkish companies in the renewable energy market.


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