Botas LNG purchase tender seeks US, Russian supply - OIL & GAS EURASIA

01.NOV.2019

Turkey’s Botas issued a tender to purchase 70 cargoes of LNG (liquefied natural gas) for delivery over 2020-2023, two days after the US lifted sanctions.

The US imposed sanctions earlier in October in response to Turkey’s military offensive in northern Syria. The LNG tender will close on Nov. 8.

Heavily dependent on pipeline gas imports from Russia, Turkey is aiming to reduce Russian imports and diversify its gas sources. It has already reduced flows from Russia’s Gazprom significantly this year, while increasing LNG purchases and gas imports from Azerbaijan.

Botas buys LNG on a long-term basis from Nigeria and Algeria. The contract with Nigeria expires in 2021, while a deal with Algeria’s Sonatrach runs until late 2024. There is also a mid-term contract with Qatargas expiring next year.

The degree to which Turkey will increase its LNG imports depends however on price. The Turkish news site yenisafak.com quoted Danila Bochkarev, a senior fellow at the EastWest Institute, as saying: “LNG should be cheaper than pipeline gas in order to gain an additional share of the Turkish market.”

Nigeria To Play A Major Role In Turkey’s Energy Sector - OILPRICE.com

Jul 29, 2017, 10:00 AM CDT

Shadow Governance Intel

Nigeria is one of Turkey’s largest trading partners in Africa, and trade remains an integral component of Nigeria – Turkey bilateral relations. In 2014, trade between the two countries reached approximately US $2.5 billion. However, this figure fell to US $1.5 billion in 2015 and approximately US $1 billion in 2016, largely due to a drop in global oil and gas prices.

Over the past several decades, Nigeria has become one of Turkey’s most important providers of liquid natural gas (LNG), currently accounting for more than 20 percent of LNG imports. However, this trade relationship has the potential to develop and expand as the global LNG market flourishes, and both the Turkish and Nigerian governments invest in furthering their domestic LNG sectors.

Turkey’s floating LNG imports deliver cheaper gas and energy security - LNG WORLD SHIPPING

Mon 03 Apr 2017

Turkey’s new floating storage and regasification unit (FSRU) will alleviate strain on seasonal imports and enables the country to diversify its sources of supply, writes Anders Norlen

Turkey’s gas consumption is rising fast and sharp seasonal demand swings and limited storage mean supply is tight over winter. Deploying FSRUs offers a solution to Turkey’s problems.

The Turkish gas market has grown over the last 10 years from 27bcm in 2005 to 48bcm in 2016. About 70 per cent of this demand growth has come from increased gas use in power and industry, reflecting the last decade’s robust economic growth and a 30 per cent hike in winter heating demand in the residential and commercial sector.

MEDREG calls for integrated, competitive Mediterranean gas market - NEW EUROPE

MARCH 14, 2017, 23:38 
By New Europe Online/KG

One of the priorities of the Maltese EU Presidency will be to draw attention on the region
The implementation of a stable regulatory framework is a prerequisite to attract investors and ensure energy security of supply, Turkish energy regulator (EMRA) Vice President and MEDREG representative Mehmet Erturktold a seminar in the European Parliament in Brussels on March 8.

He mentioned MEDREG report mapping out current and projected gas and electricity infrastructures in the Mediterranean basin, identifying the main barriers for investments and drawing a set of recommendations to overcome them. A survey submitted to Mediterranean regulators has revealed that the lack of clear institutional framework and regulatory obstacles constitute some of the biggest barriers to investments, Erturk said.

Floating LNG unit to expand Turkey's annual gas storage capacity by 5.3 BCM - DAILY SABAH

GDF Suez Neptune floating terminal, the first FSRU of Turkey,
has arrived in Izmir.

15.12.2016

Turkey's first floating natural gas storage and regasification unit, FSRU, has arrived in Aliağa, İzmir. The FSRU will supply 5.3 billion cubic meters (BCM) of natural gas, raising the daily capacity to 224 million CM

Expected to contribute more than 5 billion cubic meters (BCM) of natural gas to Turkey's annual gas supply, the GDF Suez Neptune plant, Turkey's first Floating liquefied natural gas (LNG) Storage Regasification Unit (FRSU), has started conducting test studies inİzmir's Aliağa district. In a period of only six months unit will be able to transfer the capacity, which is usually activated in four years, to Turkey's national gas supply. This is possible since it operates from the water.