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2019-04-01 11:05:00

TURKEY'S LNG RECORD

TURKEY'S LNG RECORD

DS - Turkey's monthly liquefied natural gas (LNG) imports reached a historic record high at 2.34 billion cubic meters (bcm) in January 2019, according to Turkey's Energy Market Regulatory Authority (EMRA) data.

LNG's share out of January's natural gas imports exceeded 40 percent for the first time, official information gathered by Anadolu Agency (AA) reveals.

Turkey aims to become a natural gas trading center in its region, and to this end, the country is expanding its pipeline network and the number of its LNG regasification facilities.

The new monthly LNG import record was despite a decrease in the country's total natural gas imports in January.

Turkey's total natural gas imports fell by 6.54 percent in January to 5.81 bcm compared to the same month of 2018, according to EMRA's monthly natural gas market report. The country imported the bulk of LNG from seven countries, namely Algeria, Nigeria, the U.S., Qatar, Egypt, Norway, and Trinidad and Tobago. The remaining natural gas imports came via pipeline from Russia, Iran and Azerbaijan. Turkey imported 460 million cubic meters (mcm) of natural gas as LNG from the U.S. in January, greatly surpassing the previous import record made in November 2017 of 196 mcm. The amount of natural gas imported via pipeline from Azerbaijan also marked a milestone with 808 mcm, the volume of which increased since June 2018 when the Trans-Anatolian Natural Gas Pipeline Project (TANAP) was launched.

In January, Turkey reduced its share of natural gas imports from Russia. Turkey's natural gas imports from Russia decreased by 35 percent in January 2019 compared to the same month last year, which totaled 1.8 bcm, representing 31.62 percent of Turkey's total natural gas imports.

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Earlier: 

 TURKEY: NO IMF
2019, February, 4, 09:40:00

TURKEY: NO IMF

GULF TIMES - Turkey’s top economic body ruled out seeking support from the International Monetary Fund, in an effort to end market speculation that Ankara is in touch with the Washington-based lender to negotiate a rescue package.

 
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2019, January, 23, 11:15:00

RUSSIA - TURKEY TURKSTREAM

SHANA - Composed of two 930-km pipelines, TurkStream is able to supply over 30bcm/year of natural gas from Russia to supply Turkey's needs. After the construction of the offshore section, the onshore section on Turkey's soil remains to be constructed for this project to be completed. According to schedule, Russia's gas is planned to be exported to Turkey via this pipeline by end-2019.

 
 GAZPROM'S GAS FOR TURKEY: 201 BCM
2018, December, 29, 14:05:00

GAZPROM'S GAS FOR TURKEY: 201 BCM

PLATTS - Russia's Gazprom expects its total natural gas exports to Europe and Turkey to reach 201 Bcm in 2018, CEO Alexei Miller said Friday, a third year of record export volumes.

 
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2018, November, 22, 11:40:00

ТУРЕЦКИЙ ПОТОК УЛОЖЕН | OFFSHORE TURKSTREAM COMPLETED

"Construction of TurkStream – a new gas pipeline connecting Russia and Turkey via the Black Sea – is entering its final stage. The work is well ahead of schedule: the offshore section of the gas pipeline was completed as early as today instead of in December as planned earlier. The swift pace of this project can be attributed to the concerted and coordinated efforts of the project team. In late 2019, the gas pipeline will be brought into operation. It will become an additional guarantee of energy security in Turkey and the countries of southern and southeastern Europe," said Alexey Miller, Chairman of the Gazprom Management Committee.

 
 RUSSIAN GAS FOR EVERYONE
2018, November, 19, 11:40:00

RUSSIAN GAS FOR EVERYONE

BLOOMBERG - The $11 billion pipeline is one of three giant projects helping the world’s biggest gas producer strengthen its grip on Europe and Asia. Thousands of miles to the east, the Power of Siberia pipeline will connect with China, and a project under the Black Sea will deliver fuel to Turkey and southeast Europe.

 
 TURKEY: NO IRAN SANCTIONS
2018, November, 7, 11:20:00

TURKEY: NO IRAN SANCTIONS

REUTERS - President Tayyip Erdogan said on Tuesday Turkey would not abide by the renewed U.S. sanctions on Iran’s oil and shipping industries, adding that they were aimed at “unbalancing the world”.

 
 SOUTHERN GAS CORRIDOR SANCTIONS
2018, August, 10, 10:30:00

SOUTHERN GAS CORRIDOR SANCTIONS

PLATTS - The Southern Gas Corridor has received a waiver from US sanctions against Iran's energy customers, an expected win for the project, designed to transport 16 Bcm/year of Caspian natural gas to Turkey and southern Europe while bypassing Russia.

 

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