Turkey touts proposed gas pipeline from Qatar



Recep Tayyip Erdogan, the prime minister of Turkey, used his appearance in Abu Dhabi yesterday at the World Future Energy Summit to promote the ambitious project, which could supply gas to Europe through a Turkish hook-up with the proposed Nabucco pipeline. Mr Erdogan said the Qatar-Turkey pipeline project was "important" for his country, and "will provide remarkable opportunities for Gulf countries".

He also described last year's signing of an inter-governmental agreement on the Nabucco pipeline as the year's "most significant development" for Turkey's energy strategy. The transit agreement between five EU states and Turkey cleared the way for a final investment decision on the EU-backed project to reduce European dependence on Russian gas. Several Central Asian and Middle East gas producers have recently expressed greater interest in supplying gas to Nabucco, although the project's backers have yet to conclude any firm agreements.

Turkey has long sought to establish itself as a hub for energy flowing from Asia and the Middle East to Europe. The idea has gained traction with the EU in the past two years, as European concerns over energy security have intensified due to recurring spats that have threatened to disrupt westward flows of Russian oil and gas. In January last year, Russia cut off 20 per cent of Europe's gas supply for two weeks over a dispute with the transit state of Ukraine. This month, the failure of talks between Russia and Belarus have threatened oil supplies to several EU countries.

Qatar proposed an overland gas link to Turkey through Saudi Arabia last August during talks in Turkey between the Qatari ruler, Sheikh Hamad bin Khalifa Al Thani, the Turkish president, Abdullah Gul, and Mr Erdogan. The proposal was enthusiastically received by the Turkish leaders. The biggest obstacle to the project is likely to be winning support from Saudi Arabia, which has a track record of obstructing regional pipeline developments and for decades has had a tense political relationship with Qatar. Ankara's recent history of good relations with Israel and Iran are also unlikely to have sat well with Riyadh.

Mr Erdogan plans to visit Saudi Arabia this Saturday, where he is scheduled to meet King Abdullah weeks after Turkey's foreign minister, Ahmet Davutoglu, travelled to Riyadh to discuss the Israeli-Palestinian conflict. Mr Davutoglu's call for a stern stance against Israel could open the door for negotiations. Qatar's deputy prime minister and energy minister, Abdullah al Attiya, said last week the emirate was on track to complete a major expansion of its natural gas liquids production capacity by the end of this year.

By that time, Qatar, which is already the world's leading exporter of liquefied natural gas, expects to be able to export 77 million tonnes a year of the fuel, up from about 30 million tonnes in 2008. Qatar has the world's third-biggest gas reserves and shares the world's biggest gasfield with Iran, but has placed a moratorium on plans to increase its gas production from that reservoir until 2014.

Construction of the first phase of Nabucco is expected to start next year, with initial gas shipments to begin in 2014, the Nabucco consortium says on its website. @Email:tcarlisle@thenational.ae cstanton@thenational.ae

COMPANY%20PROFILE
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The specs

Engine: 1.5-litre 4-cylinder petrol

Power: 154bhp

Torque: 250Nm

Transmission: 7-speed automatic with 8-speed sports option 

Price: From Dh79,600

On sale: Now

Ticket prices
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Singham Again

Director: Rohit Shetty

Stars: Ajay Devgn, Kareena Kapoor Khan, Ranveer Singh, Akshay Kumar, Tiger Shroff, Deepika Padukone

Rating: 3/5

The specs
Engine: 77.4kW all-wheel-drive dual motor
Power: 320bhp
Torque: 605Nm
Transmission: Single-speed automatic
Price: From Dh219,000
On sale: Now
If you go
Where to stay: Courtyard by Marriott Titusville Kennedy Space Centre has unparalleled views of the Indian River. Alligators can be spotted from hotel room balconies, as can several rocket launch sites. The hotel also boasts cool space-themed decor.

When to go: Florida is best experienced during the winter months, from November to May, before the humidity kicks in.

How to get there: Emirates currently flies from Dubai to Orlando five times a week.
UAE currency: the story behind the money in your pockets
COMPANY PROFILE
Name: Akeed

Based: Muscat

Launch year: 2018

Number of employees: 40

Sector: Online food delivery

Funding: Raised $3.2m since inception 

Results

4pm: Maiden (Dirt) Dh165,000 1,600m
Winner: Moshaher, Pat Dobbs (jockey), Doug Watson (trainer).

4.35pm: Handicap (D) Dh165,000 2,200m
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5.10pm: Maiden (Turf) Dh165,000 1,600m
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5.45pm: Handicap (D) Dh190,000 1,200m
Winner: Private’s Cove, Mickael Barzalona, Sandeep Jadhav.

6.20pm: Handicap (T) Dh190,000 1,600m
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The specs: 2018 Ducati SuperSport S

Price, base / as tested: Dh74,900 / Dh85,900

Engine: 937cc

Transmission: Six-speed gearbox

Power: 110hp @ 9,000rpm

Torque: 93Nm @ 6,500rpm

Fuel economy, combined: 5.9L / 100km

Company%20Profile
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The specs

Engine: Dual 180kW and 300kW front and rear motors

Power: 480kW

Torque: 850Nm

Transmission: Single-speed automatic

Price: From Dh359,900 ($98,000)

On sale: Now

MATCH INFO

Uefa Champions League semi-final, first leg

Barcelona v Liverpool, Wednesday, 11pm (UAE).

Second leg

Liverpool v Barcelona, Tuesday, May 7, 11pm

Games on BeIN Sports

About Tenderd

Started: May 2018

Founder: Arjun Mohan

Based: Dubai

Size: 23 employees 

Funding: Raised $5.8m in a seed fund round in December 2018. Backers include Y Combinator, Beco Capital, Venturesouq, Paul Graham, Peter Thiel, Paul Buchheit, Justin Mateen, Matt Mickiewicz, SOMA, Dynamo and Global Founders Capital

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Business Insights
  • Canada and Mexico are significant energy suppliers to the US, providing the majority of oil and natural gas imports
  • The introduction of tariffs could hinder the US's clean energy initiatives by raising input costs for materials like nickel
  • US domestic suppliers might benefit from higher prices, but overall oil consumption is expected to decrease due to elevated costs
Nayanthara: Beyond The Fairy Tale

Starring: Nayanthara, Vignesh Shivan, Radhika Sarathkumar, Nagarjuna Akkineni

Director: Amith Krishnan

Rating: 3.5/5

MATCH INFO

Championship play-offs, second legs:

Aston Villa 0
Middlesbrough 0

(Aston Villa advance 1-0 on aggregate)

Fulham 2
Sessegnon (47'), Odoi (66')

Derby County 0

(Fulham advance 2-1 on aggregate)

Final

Saturday, May 26, Wembley. Kick off 8pm (UAE) 

The specs
Engine: 2.7-litre 4-cylinder Turbomax
Power: 310hp
Torque: 583Nm
Transmission: 8-speed automatic
Price: From Dh192,500
On sale: Now
COMPANY PROFILE
Name: ARDH Collective
Based: Dubai
Founders: Alhaan Ahmed, Alyina Ahmed and Maximo Tettamanzi
Sector: Sustainability
Total funding: Self funded
Number of employees: 4
Farasan Boat: 128km Away from Anchorage

Director: Mowaffaq Alobaid 

Stars: Abdulaziz Almadhi, Mohammed Al Akkasi, Ali Al Suhaibani

Rating: 4/5

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