Page 17 - GLNG Week 35 2022

GLNG MIDDLE EAST GLNG

Turkey reports higher oil but

lower gas imports in June

IMPORTS TURKEY’S oil and oil product imports moved imports were down by 5.6% to around 3.84bn
up while natural gas imports declined in June cubic metres (bcm), from approximately 4.06
on a year on year basis, according to the latest bcm in June 2021.
monthly report of the country’s energy watchdog The country imported 3.27 bcm of natural
EPDK. gas via pipelines. Also purchased were 561.8mn
Oil and oil product imports moved up 4.9% cubic metres (mcm) of liquefied natural gas
to 4.19mn tonnes, with crude oil accounting (LNG). These shipments marked a decrease of
for 3.17mn tonnes, up by 11%. The majority of 13.5% in pipeline imports and increase of 102%
Turkey’s oil and oil product needs were met by in LNG shipments.
Iraq with 1.42mn tonnes. Russia and Kazakhstan Russia supplied the majority of Turkey’s
exported 1.34mn tonnes and 319,847 tonnes, gas imports, at 1.69 bcm. Iran and Azerbai-
respectively. jan followed with 855 mcm and 729.4 mcm,
Turkey lately released data that controver- respectively.
sially showed Russia’s oil exports to the Turkish But gas imports from Russia and Iran fell
market doubling, at the same time as Europe is by 29.5% and 1.4%, respectively, while imports
trying to squeeze Russian oil sales in response to from Azerbaijan expanded by 39.6%, EPDK said.
Moscow’s invasion of Ukraine. Turkish gas consumption in June dropped by
Also in June, Turkey’s oil refinery prod- 21.2% to approximately 3.05 bcm. Household
uct exports increased by 14.7% y/y to 1.16mn consumption grew by 3.7% to 400.1 mcm. Gas
tonnes, while output rose by 5.3% y/y to 3.34mn usage in power plants shrank by 43.9% to 948.4
tonnes, EPDK said. Total domestic oil product mcm.
sales expanded 15.2% y/y to 2.32mn tonnes. The natural gas volume in storage, said EPDK,
The watchdog said that, year on year, June gas in June move up by 4.5% to around 2.72 bcm.™

Week 35 02•September•2022 www. NEWSBASE .com P17