Turkey second-largest LNG market in Europe

18/10/2019 09:44 LNG


The development of liquefied natural gas (LNG) infrastructure has made Turkey the second-largest market in Europe and seventh-largest in the world. The country imported approximately 7.7 billion cubic meters of LNG in the first seven months of the year.

The development of Turkey's natural gas infrastructure, including multinational pipeline projects, improvement of facilities for liquefied natural gas (LNG) and the diversification of suppliers, have led to a profound enlargement of the country's gas market. As a result, Turkey has become Europe's second-largest LNG market.


Reducing its dependence on pipeline gas, Turkey imported 11.3 billion cubic meters (bcm) of LNG last year, accounting for 22.5% of the total gas purchases totaling 50.3 billion cubic meters. From January to July this year, the country's LNG imports reached a record high at 7.7 bcm, according to the Energy Market Regulatory Authority (EMRA).

Source: dailysabah.com

Daily (18.11.2019): French spot power price fell by more than 19% due to higher nuclear availability

18/11/2019 11:57:00

Oil prices rose on Friday following the declaration made by OPEC’s Secretary General Mohammad Barkindo, stating that U.S. crude output is expected to fall in 2020. Brent crude surged by 1.6% to $63.30 a barrel.


Poland gas firm PGNiG plans ending imports from Gazprom

18/11/2019 08:52:00

Polish state-run gas firm PGNiG told Russia's Gazprom that the company would not renew their long-term natural gas deal when the agreement expires after 2022, PGNiG announced late Friday.


Iberdrola commits to 400MW Spanish PV trio

18/11/2019 08:48:00

Iberdrola is to build three solar plants in the Extremadura region of Spain with combined capacity of 400MW.