Türkiye on road to becoming natural gas hub

Following the development, it will be possible to liquefy domestically produced natural gas and natural gas imported from different sources in the country and market it as liquefied natural gas (LNG) to world markets

Türkiye will soon become a natural gas hub after the Turkish Parliament approved changes to strengthen the field of energy last week.

Following the development, it will be possible to liquefy domestically produced natural gas and natural gas imported from different sources in the country and market it as liquefied natural gas (LNG) to world markets.

In this context, new investments will be made in natural gas liquefaction facilities in Türkiye. Natural gas will be converted into LNG, and the liquefaction center will be established in areas with natural gas lines. Natural gas will be sold to potential countries in liquid form by ships.

In this context, new investments will be made in natural gas liquefaction facilities in Türkiye. The liquefaction centers, which will be established in areas with natural gas pipelines, will convert natural gas into LNG, which will then be transported to potential countries via ships.

Sources in the Ministry of Energy and Natural Resources said that this regulation is an essential step toward the goal of becoming a natural gas hub: “We have the gas that we extract from the Black Sea. We have natural gas lines from Azerbaijan, Russia and Iran. We also purchase LNG from various countries. We store the parts of these that we need in our storage facilities. We can send some of this gas to the west via pipelines. With this legal regulation, we can liquefy some of the gas in our storage, turn it into LNG, and export it to regions where we do not have pipelines. We currently do not have a natural gas liquefaction facility. These facilities can be established with public or private sector investment in the coming period. Then we can export LNG to all parts of the world with ships.”

On the other hand, there have been reports that Türkiye also discussed purchasing $1.1 billion worth of LNG from the U.S. company Exxon Mobil.

The U.S. State Department recently discussed Türkiye’s meeting with Exxon Mobil and stated that Ankara plays an essential role in diversifying European countries’ energy sources and reducing their dependence.