Turkey

Turkey is moving forward with plans for a regional LNG hub that could potentially exclude Russia as a partner. Reduced European gas demand, a recent offshore gas discovery and new liquefied natural gas supplies have helped reduce Russian pipeline imports –  a sign that the Turkish government may have an alternative gas strategy. During the…

Oman has agreed to provide Turkey’s Botas with LNG beginning in 2025, continuing a streak of supply agreements that began last year as the nation looks to increase output of the super-chilled fuel. Oman LNG LLC would supply 1 million metric tons/year (mmty) to state-owned Botas over a 10-year term from its Qalhat liquefaction facility…

Bulgaria and Turkey signed a long-term agreement on Tuesday giving Bulgaria access to Turkey’s LNG terminals via Turkey’s natural gas transmission grid.  The 13-year deal was signed by Bulgaria’s Bulgargaz EAD and Turkey’s Botas Petroleum Pipeline Co. It would allow Bulgaria to import up to 1.5 billion cubic meters (Bcm) of gas annually from Turkey,…

Russia is turning to Turkey as a potential natural gas hub partner with a new sense of urgency to find new export outlets for volumes left stranded by damages to the Nord Stream pipelines in September.  But any hub would likely face political, financial and supply issues that are compounded by the Kremlin’s war in…

In a development that could put even more pressure on domestic natural gas pipeline projects, the Department of Commerce said it has preliminarily determined that Canada, China, Greece, India, South Korea and Turkey have been selling large diameter welded pipe at less than fair value in the United States.

The BP plc-operated Shah Deniz consortium has launched its landmark natural gas development in Azerbaijan, laying the groundwork for Europe to avoid dependence on Russian gas.

Turkey saw the inauguration of its first floating storage regasification unit (FSRU) liquefied natural gas (LNG) terminal last Friday.

Whether it was too much holiday turkey or possibly just a postY2K letdown, the natural gas futures market began the year insomewhat of a funk last week as traders showed an unwillingness topush prices very much on either side of unchanged.