18 April 2014, Friday
Today's Zaman

Poneman: Turkey plays key role in providing energy security

13 June 2012, Wednesday /TODAY’S ZAMAN WITH WIRES
US Deputy Secretary of Energy Daniel Poneman emphasized on Tuesday that Turkey plays a key role in providing energy security to Europe and praised its handling of the responsibility, which is unavoidable due to the country’s strategic location.

Poneman, speaking at the 31st annual conference of the Turkish-American Council, which began on Monday in Washington, D.C., remarked that Turkey stands at a “vital intersection” in the maintenance of energy flow to Europe and the provision of the energy demands of its people. Noting that Turkey has strengthened its economy, and in the meantime emerged as a strategic transit location for the transport of oil and natural gas supply to consumers, he explained Turkey has played its inevitable role in ensuring energy security in an efficient way. “If security and economy are the pillars of partnership between the US and Turkey, energy lies at the heart of the partnership,” he stated. The deputy secretary stressed that both nations face difficulties in the energy field, such as dependency on natural resources, strengthening energy security and the struggle with the effects of climate change. However, he said, these complexities also bring opportunities. “In this context, the most recent and hopeful cooperation is on energy efficiency,” he commented. He also mentioned a project being prepared to cope with the energy demand of the increasing number of new companies in the country, creating a win-win situation for both domestic and international companies.

Reminding participants that many critics thought the Baku-Tbilisi-Ceyhan pipeline (BTC) would not be achieved, Poneman stated, “BTC was achieved as a product of the vision of the states and companies.” In addition to pledging continued US support to pipelines passing through Turkey, he implied the pipelines carry major growth potential, with the expansion of routes and diversification of sources, while creating a more competitive European gas market.

Poneman emphasized that since US President Barack Obama’s visit to Turkey, his first overseas visit in the role, important progress had been made to implement the vision of the US for US-Turkey relations. He explained that security composes the main foundation of ties between the countries, and that both nations had made major contributions to peace and stability in troubled regions around the world as active NATO members, in addition to increasing cooperation in the fight against terror and other threats. Poneman stated that Turkey had made tremendous diplomatic efforts to resolve disagreements between Iran and Western nations stemming from Iran’s nuclear activities, and underlined Turkey’s hosting of critical talks between these countries.

BUSINESS  Other Titles
Central bank head denies reports that he resigned
Turkey signs FTA with Malaysia, looks to boost trade volume
Tough year ahead for Turkish banks, Fitch says
Competition Authority investigation of THY to resume soon
Cut off from the world, Gazans consumed by poverty
Galatasaray to pay $35 mln in tax penalty
EU agrees to Putin's call for gas security talks
Twitter: No current deal to open office in Turkey
Ankara says Russia's South Stream pipeline could run to Turkey
Turkish central bank meeting eyed for signs of political meddling
Turkish cement firms eye assets after Holcim-Lafarge merger
CHP raises issue of irregularity in loans for Sabah-ATV sale
TUSKON key in trade with Turkey, top Russian group says
Number of job seekers hits 10-year high
Gül attends event of group labeled ‘traitors' by Erdoğan
'Banning social media disaster for any government's global image'
Pakistan publishes list to embarrass tax cheats into paying up
Turkish schools help to enhance trade relations with Africa
Unemployment rate sees decrease year-on-year in Jan
Pegasus Airlines to start flights to Bahrain