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.

TANAP Pipeline Gas Transportation Capacity Fully Contracted - SPUTNIK NEWS

updated 13:29 18.10.2016

Gas for transportation via the TANAP pipeline has already been contracted, President of Azerbaijan Ilham Aliyev told Sputnik.

The Trans-Anatolian Natural Gas Pipeline (TANAP) will not face competition from other regional energy projects as gas for transportation via the pipeline has already been contracted, President of Azerbaijan Ilham Aliyev told Sputnik. 

"The volumes of gas that will be transported in the first stage along the entire length of the project, have already been contracted, they have already been sold. We have signed contracts for the increase in production, which will start in 2018 and should reach its peak in 2020-2021. Therefore, no other regional energy projects can compete with it, because we have already sold this gas," the president told Rossiya Segodnya International Information Agency’s Director General Dmitry Kiselev in an interview.

TANAP is a major part of the Southern Gas Corridor that will connect the Shah Deniz gas field in Azerbaijan with Europe. The corridor will run from Azerbaijan to Turkey, through Greece, Albania, and deep under the Adriatic Sea to southern Italy.