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.

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