Turkey’s gas hub aspirations [Gas in Transition]

Turkey’s gas hub aspirations [Gas in Transition]

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Natural Gas News
Turkey’s gas hub aspirations [Gas in Transition]

Summary

Turkey has embarked on an ambitious attempt to become a prominent international natural gas hub, strategically located at the crossroads of Europe and Asia. [Gas in Transition, Volume 3, Issue 10] by: Gary Lakes

Turkey has for more than two decades sought to make itself an important player in the international energy industry. While it has little hydrocarbon resources of its own, the country is strategically located between major Western markets and major energy producers in the Middle East and Russia. Over the years an extensive pipeline system has taken shape in the country that imports oil and gas from Russia, the Caspian, Iran and Iraq, and distributes them to domestic power generation markets and refineries. Gas pipelines also extend into western Turkey from where they stretch into Greece and the Balkans, carrying Azeri and Russian gas. Turkey is already taking steps towards the role of being a regional distributor. In the last month the Turkish pipeline company Botas has signed agreements to ship gas by pipeline to Bulgaria, Hungary, Romania and Moldova. Turkey also has three LNG import terminals that import gas for domestic needs, but which can also be re-exported ...