Today's Zaman: Turkish fuel retailer starts talks to buy Israeli gas
Turkish fuel retailer Turcas said on Tuesday its gas unit has begun non-binding talks with another company to jointly procure natural gas from the Leviathan field in the eastern Mediterranean for Turkish markets.
Turcas is in talks with İstanbul-based Enerjisa, which is owned by Turkey's Sabancı Holding and German utility E.ON, to buy the gas from the Israeli field, according to the stock-exchange filing.
Industry sources said in October last year that Turcas was among a few other Turkish energy firms in talks with Israeli firms over the potential for a pipeline to carry Israeli gas to Turkey. The sources said the political rift between the two former allies was holding up progress. Such a project could be worth $3.5 billion, observers have earlier said. It would entail construction of an undersea section to Turkey's southern coast and a link to central Turkey.