Page 61 - TURKRptFeb20

9.0 Industry & Sectors 9.1 Sectors
9.1.1 Oil & gas sector
In 2018, Turkey’s total oil product imports declined by 9.2% y/y to 38.7mn tonnes, with crude oil imports falling 18.6% to 21mn tonnes.
Turkey’s natural gas consumption will amount to 52.02 billion standard cubic meters (bcm) this year, the country’s energy market regulator, EPDK, has estimated.
The watchdog’s gas consumption forecast for 2019 was 52.13 bcm. However, the final outcome for last year has not yet been released.
Turkey consumed around 49.32 bcm of natural gas in 2018.
It has four pipeline entry points and LNG re-gasification facilities. The country imports gas via pipelines from Russia, Azerbaijan and Iran.
In 2018, the country imported 23.6 bcm of gas from Russia, 7.9 bcm from Iran and 7.5 from Azerbaijan. The rest, amounting to 22.5%, was received in the form of LNG.
Turkey and Azerbaijan formally marked the completion of the $6.5bn Trans-Anatolian Natural Gas Pipeline (TANAP) on December 1 . TANAP makes up the longest stretch of the $40bn Southern Gas Corridor (SCG), a series of pipelines that will carry gas from Azerbaijan’s Shah Deniz II field to southern Italy, thus helping the European Union reduce its dependence on Russian gas. However, to meet that objective work must be completed on the delayed Trans-Adriatic Pipeline (TAP), running across Greece and Albania and under the Adriatic Sea.
TANAP has the capacity to carry up to 16bn cubic metres (bcm) of Azerbaijani gas a year. Around 10 bcm of that is to go to Europe, while 6 bcm will be allocated for the Turkish market.
A TANAP inauguration ceremony was held in the Turkish town of Ipsala on the Greek border. Turkey’s President Recep Tayyip Erdogan and Azerbaijan’s President Ilham Aliyev attended.
“The real responsibility from now on lies with our neighbours on the other side of the border. The Trans-Adriatic Pipeline needs to be completed as soon as possible to start the transfer of gas to Europe,” said Erdogan, adding that it was expected to be finished in 2020.
TANAP’s shareholders are Azerbaijani state energy company Socar (51%), Turkish pipeline operator BOTAS (30%), BP (12%) and Socar Turkey (7%).
Russia’s $7.8bn 31.5bn m3 TurkStream gas pipeline to Turkey came online on January 1 . Since January 1, Bulgaria has been receiving Russian gas via Turkey instead of Ukraine. Bulgaria will get 2.9bn cubic metres (bcm) of gas annually though the new gas compressor station of S trillionadzha-2.
The first part of the pipeline is designed to supply Turkish domestic customers. It is expected that the second part will cross Bulgaria and Serbia and Hungary.
TurkStream runs from Russia for 930km along the bed of the Black Sea,
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