ANKARA: Energy trade between Turkey and Iran will continue as part of a long-term bilateral contract, which is set to run until 2026, Turkey’s Energy and Natural Resources Minister Fatih Donmez said.
In an interview with channel A Haber, Donmez said Turkey’s oil and natural gas trade with Iran is legitimate and is in accordance with a signed contract with an expiry in 2026.
“We import nearly 9.5 billion cubic meters of gas per year from Iran. We do not have the option of leaving Turkish citizens without electricity or in the cold. Therefore, our trade will continue according to the contract,” he asserted.
“In fact, the EU is also very uncomfortable [about the US sanctions on Iran]. We are conducting legitimate trade [with Iran]. This is also important in terms of supply security. We also have a neighborly partnership with Iran. I am of the opinion that this [Turkey’s trade with Iran] should be evaluated within this framework,” he explained.
Answering a question, Donmez also confirmed the construction of a third nuke plant is planned in the northwestern Thrace region.
“In that project, we will cooperate with China. We have not decided on the exact location of this plant. In fact, there is approx. 28-30 criteria that need to be met in the requirements to construct the plant,” he explained.
However, he hinted that the north part of Turkey’s Marmara region, an area with the highest energy density in Turkey, would be considered.
“We believe this region is the most appropriate location [for the third plant] and meets most of the criteria we are looking for. We also aim to enlarge nuclear know-how and technology in Turkey, and this project will help that aim,” he asserted.
Turkey’s Renewable Energy Resource Zones (YEKA) tenders will continue in 2018, particularly in solar and wind energy, Donmez said.
“In the last two years, Turkey opened two big tenders in wind and solar. In solar, there will be a $1.4 billion investment in Konya, where solar energy potential is extremely high,” he said.
The YEKA project launched in Karapinar in the Konya province last year will enable the country to have 1,000 megawatts of capacity by 2020.
“We say to investors that when they invest in Turkey, they should not only consider the opportunities in Turkey but also in the neighboring countries that they can also access,” he stressed.
The process has already begun for offshore wind energy projects in Turkey, he explained.
“The capacity of offshore wind is much higher than onshore wind. We will receive bids in October and in terms of location, Marmara and the north Aegean come to the forefront as the most productive areas,” he added.
APP/AFP