Turkey may speed up building pipeline for Azerbaijani gas

Novak also said he saw no need for Russian Federation to decrease oil production, and did not anticipate the oil exporters’ club OPEC would change its output quotas at its forthcoming meeting. Ankara has refused to apologize for the incident, saying the plane was given ample warning and was in Turkish airspace.

He denounced Turkey’s downing of a Russian jet at the border with Syria as a “treacherous war crime”.

“Allah must have punished Turkey’s ruling clique by depriving it of sense and reason”, Putin said. This is why Russians are trying to hurt Turkey with diplomatic and economical responses rather than military actions.

On Wednesday, Turkey’s Petroleum Pipeline Corporation and Qatar’s national oil company signed a memorandum of understanding for long-term LNG trade, which was being interpreted by analysts as a counter measure to end dependence on Russian gas imports.

Ditching the pipeline project is likely to impact both sides. It is expected to have a capacity of 16 billion cubic meters of gas a year and cost about $10 billion.

Turkish state broadcaster TRT quoted Foreign Minister Mevlut Cavusoglu as highlighting the importance of keeping an open line of communication with Russian Federation, although he reportedly said it would be unrealistic to expect all problems to be solved after just one meeting. “Some characteristics of the Soviet era are emerging one by one. In this new picture Russian Federation will focus its attention on the Nordstream II project that aims to transport natural gas from Russian Federation to Germany”.

“This is the time for concrete steps to avoid this disastrous and unnecessary conflict, and begin the process of rebuilding in Ukraine’s east”, Kerry added. The so called Syrian Express deployments of Russian Ropucha and Alligator class landing ships and auxiliaries are vitally important to keep Russian troops inside Syria supplied…. Azerbaijan’s investments in Petkim based in Izmir region of Turkey have given enormous power to us.