Commodity Market Report
Turkey gas and LNG markets long-term outlook 2020
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Report summary
A rapidly increasing energy imports bill has been a growing concern for Turkey’s government, with gas imports – accounting for almost all the country’s gas consumption – making up the largest portion. The ultra-deepwater gas field – the second largest discovery worldwide in 2020 – is the biggest-ever hydrocarbon find in the Black Sea and the largest in Turkey’s history. As a result, the share of gas imports in the gas supply mix will fall markedly following first gas from the field – but imports will still be required to meet most of Turkey’s demand. However, with nearly 35 bcm of gas import contracts expiring by 2027, the dawn of major Turkish domestic gas production will play a lead role in future contract negotiations. Furthermore, growing spot LNG purchases has been a feature in recent years. And with major new pipelines also coming onstream and 2020, a marked step-up in Turkey’s significance as a transit country, the supply battle to meet Turkey’s growing gas demand is hotting-up
Table of contents
- Links to related reports
- Power generation
- Residential, commercial and agriculture (RCA)
- Industry
- Losses
- Gas pipeline infrastructure
-
Existing Infrastructure
- Southern Gas Corridor
- Trans-Balkan pipeline (Bulgaria-Turkey)
- Iran-Turkey
- Blue Stream (Russia West-Turkey)
- South Caucasus pipeline (SCP) (Azerbaijan-Georgia-Turkey)
- ITG (Turkey-Greece)
-
Proposed infrastructure
- Iraqi Kurdistan-Turkey Pipeline
- LNG Infrastructure
- Storage infrastructure
-
Piped imports: historical flows and contracts
- Recent trends
- Contracts
-
LNG imports: historical flows and contracts
- Recent trends
- Contracts
- Price development
- Tariffs and access
Tables and charts
This report includes 18 images and tables including:
- Historical monthly gas demand
- Historical monthly LNG imports
- Gas demand by sector
- Gas production forecast
- Import capacity
- Export capacity
- Import pipeline capacity
- Export pipeline capacity
- LNG regasification capacity
- Storage outlook
- Gas flows in to Turkey
- Committed supply-demand gap
- Historical piped imports
- Contracted piped imports
- Historical LNG imports
- Contracted LNG imports
- Long-run delivered costs to Turkey
What's included
This report contains:
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