Turkey Bags More CCGT Funding, Russia Pledges Gas

The European Bank for Reconstruction and Development (EBRD) has announced the financing details for a 950MW capacity combined cycle gas turbine (CCGT) plant to be built at Kirikkale east of Ankara at an estimated total cost of $1bn (see table, p11). Kirikkale is on the onshore continuation of the Russia-Turkey Blue Stream sub-Black Sea gas pipeline. Turkey received 26.2 bcm of gas from Russia in 2013 (59% of Turkish imports and 57% of consumption) according to BP stats.

Alexei Miller, head of Russia’s state gas giant Gazprom, this week said Russia planned to build a new sub-Black Sea gas pipeline to Turkey. In theory the capacity would be a massive 63 bcm/year, but this capacity number, which includes supposed onward shipments to Europe, should be taken with a large pinch of salt. It matches exactly the planned capacity of the South Stream Russia-Europe sub-Black Sea pipeline which was scrapped at the same time. (CONTINUED - 273 WORDS)