Free Trial

Turkey to supply natural gas from Azerbaijan to Syria

ANKARA, Turkey (AP) — Turkey will begin supplying natural gas from Azerbaijan to Syria to help the country generate electricity, Turkey’s energy minister said Wednesday.

Natural gas from Azerbaijan will be delivered to Syria via the Kilis pipeline through Turkey from Aug. 2, Energy Minister Alparslan Bayraktar told the state-run Anadolu Agency.

Once a strong backer of rebel forces seeking to overthrow former President Bashar al-Assad, Turkey is now firmly supporting Syria’s new government, helping to stabilize and rebuild the country.

Bayraktar said an initial supply of 6 million cubic meters of gas to Syria is expected to produce around 1,200 megawatts of electricity. Qatar is contributing to the project’s financing, the minister said.

“With the natural gas that will be supplied, the goal is to increase the current three to four hours of daily electricity availability to 10 hours, making a positive impact on people’s lives,” Bayraktar said.

A ceremony attended by ministers from Turkey, Syria, and Qatar will be held in Kilis on Aug. 2, he told Anadolu.

Where Should You Invest $1,000 Right Now?

Before you make your next trade, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis.

Our team has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and none of the big name stocks were on the list.

They believe these five stocks are the five best companies for investors to buy now...

See The Five Stocks Here

Reduce the Risk Cover

Market downturns give many investors pause, and for good reason. Wondering how to offset this risk? Enter your email address to learn more about using beta to protect your portfolio.

Get This Free Report
Like this article? Share it with a colleague.

Featured Articles and Offers

Recent Videos

The $2.5B Merger No One Is Talking About
ALERT: Big Tech Earnings – Watch Before Wednesday
ACT FAST! Congress is Dumping these 3 Stocks

Stock Lists

All Stock Lists

Investing Tools

Calendars and Tools

Search Headlines