Qatari, US spot volumes boost Turkish LNG imports

Turkey increased its LNG imports by almost 19 percent last year, boosted by spot volumes from Qatar and the US, according to a report.

The country’s liquefied natural gas imports reached 15.07 bcm in 2020, accounting for 31.3 percent of total gas imports, Turkey’s Zihni Energy said in its natural gas and LNG market report.

Total imports, including piped gas, increased 6.4 percent year-on-year to 48.1 bcm, the report said. Piped gas volumes from Russia’s Gazprom accounted for a third of all imports, the report said.

Turkey currently imports LNG via four terminals. The fuel arrives under two long-term LNG contracts state-owned Botas has with Algeria and Nigeria, but also from the spot market that recorded a significant growth last year.

The report shows that spot volumes reached 8.14 bcm, accounting for 54 percent of total LNG imports.

Qatari spot LNG volumes increased 32 percent to 3.24 bcm while volumes from the US surged 144 percent to 2.97 bcm, the report said.

In addition, Turkey also received spot LNG shipments from Norway, Equatorial Guinea, Egypt, France, Angola, Belgium, Trinidad and Tobago, and Spain, the report said.

Most Popular

Atlantic LNG shipping rates, European prices down

Atlantic LNG freight shipping rates and European prices decreased this week compared to the week before.

Glenfarne becomes majority owner of Alaska LNG

US energy firm Glenfarne has signed definitive agreements with state-owned Alaska Gasline Development Corporation to become the majority owner of the giant Alaska LNG export project.

Petronas to supply LNG to PetroVietnam Gas

Malaysian energy giant Petronas will supply liquefied natural gas (LNG) to PetroVietnam Gas, a unit of state-owned PetroVietnam, next month. The two firms will also look into the possibility of signing long-term LNG contracts.

More News Like This

Report: Egypt to deploy Turkish FSRU

Egypt has signed a deal to deploy one of Turkiye's operational floating storage and regasification units at Egypt’s Ain Sokhna port to cover LNG demand in June-November, according to a report by Kpler.

Botas launches tender for fourth Marmara LNG tank

The Marmara Ereglisi LNG terminal is Turkey's first LNG facility and has been in operation since 1994. It currently has...

TotalEnergies, Botas pen long-term LNG supply deal

Türkiye’s Energy Minister Alparslan Bayraktar announced the deal on Wednesday. The two firms signed the agreement during the Gastech event...

Bulgargaz seeks five LNG cargoes

Bulgargaz launched three tenders for five LNG cargoes. During October 2024, the company is seeking one LNG cargo of about...