Natural gas imports increased – Turkey’s number one finance and economy portal Vatan Finans.
01.10.2021 09:13
Turkey`s natural gas imports amounted to 30.1 billion 4 million 47 million cubic meters in July, according to the same mirror as last year.
According to the “Natural Gas Markets Sector Report” of the Energy Markets Regulatory Authority for the month of July, approximately 3 billion 479 million cubic meters of import was carried out through pipelines and 568 million cubic meters of liquefied natural gas (LNG) facility.
In this period, natural gas imports through pipelines increased by 33.7 percent, while LNG imports increased by 11.8 percent. Thus, total natural gas imports amounted to 30.1 percent in July, compared to the same mirror of the previous year, with a total of 4 million cubic meters.
In July, the highest amount of natural gas import was made from Russia with 2 billion 305 million square meters. Russia ran with 633 million meters, followed by Algeria with 568.5 million meters.
In this period, imports from Russia and Algeria increased by 173.5 percent and 46.6 percent, respectively, while the amount of gas from Iran decreased by 4.7 percent.
Half of the gas was used for electricity generation
In the aforementioned period, natural gas consumption in Turkey also increased by 35 percent and became 3 billion 838 million cubic meters.
Natural gas consumption in power plants increased by 72.5 percent to 1 billion 931 million cubic meters. Consumption in residences decreased by 4.6 percent and was recorded as 239 million cubic meters.
The natural gas consumption of organized industrial regions, on the other hand, increased by 9.6 percent to 309 million cubic meters.
Since the last quarter of last year, the electricity produced from the hydroelectric power plants, which has been continuing since the last quarter of the last year, is being built with natural gas power plants. This is reflected as an increase in natural gas consumption for electricity generation and total gas imports.
While 37.2 percent of Turkey’s total electricity production in July was from natural gas power plants, this rate remained at 24.5 percent in the same month of the previous year.
Increase in the amount of natural stock
The amount of natural gas stock in Turkey was 2 billion 791 million cubic meters in July, with an increase of 31.1 percent compared to the same mirror of the previous year.
Underground storage facilities with 2 billion 517 million cubic meters constituted 90.2 percent of the natural gas stock, and LNG terminals constituted 9.8 percent of it with 273.8 million cubic meters.
In this period, the amount of stock in the underground storage facility increased by 30.5 percent and by 36.6 percent in the LNG terminals.