Turkey eyes to bring Turkmen Gas to European Markets

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Turkey eyes to bring Turkmen Gas to European Markets

Once the Southern Gas Corridor has been commissioned, other gas sources including those from Turkmenistan can benefit from transfer to other markets via Turkey, the head of the transit petroleum pipelines department at Turkey’s Ministry of Energy and Natural Resources stated lately.

Speaking at the Ashgabat International Energy Charter Forum, he said that Turkey has diversified natural gas supplies by sourcing gas from Russia, Azerbaijan and Iran.

He also added that Turkey also uses LNG and the country’s domestic natural gas consumption is expected to be around 50 to 60 billion cubic meters (bcm) from 2020 onwards.

To meet this demand, Turkey is actively seeking diversification of sources through various projects including those of the Southern Gas Corridor whose value chain is $45 billion.

The Southern Gas Corridor projects plan to bring natural gas from the Caspian Sea to Europe.

It includes three major pipeline projects: the expansion of the South Caucasus Pipeline through Azerbaijan and Georgia, the construction of the Trans-Anatolian Natural Gas Pipeline (TANAP) from Azerbaijan through Georgia and Turkey to Europe, and the construction of the Trans Adriatic Pipeline (TAP) through Greece, Albania and into Italy and onto Western Europe.

As much as 72 percent of TANAP’s construction has already been completed, and once the Southern Gas Corridor is commissioned, Turkmenistan will be able to access other markets, he said.

According to Ministry of Energy and Natural Resources, the TurkStream project is high on the agenda of the Russian Federation and Turkey.

Although no agreements have been made between Turkey, Turkmenistan, Azerbaijan and EU on the delivery of Turkmen gas to Europe, discussions are ongoing to this end.

 

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