Commodity Market Report

Turkey gas and LNG markets long-term outlook 2020

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18 December 2020

Turkey gas and LNG markets long-term outlook 2020

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

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:

  • Document

    Turkey Gas And Lng Markets Long Term Outlook Pdf

    PDF 625.38 KB

  • Document

    Turkey Gas And Lng Markets LTO

    XLSX 286.69 KB