Local Turkey

Turkey to become an energy trade centre

According to the Presidential Annual Program 2021, Turkey will be included in the NGS’s electricity generation portfolio, the electrical energy of nuclear energy will continue to work on increasing the share of production and institutional capacity will be strengthened.

In this context, the foundation was laid in 2018 and will be Turkey’s first nuclear power plant Akkuyu NPP continues to work towards completion. Once completed, Akkuyu NGS will meet the 10 percent of the total energy need of Turkey and it’s 4 thousand 800 megawatts of first unit will be activated in 2023. The remaining 3 units are planned to be put into operation at an interval of one year until the end of 2026.

According to the program, in addition to Akkuyu NPP, work will continue for the establishment of two more nuclear power plants next year. In this framework, the site selection for a project will be completed and a formal agreement will be reached with the technology owner company or country. Site license application will be made for other NGS projects.

Developments on natural gas

According to the program, the studies on the Hatay-Dortyol FSRU connection line, each of which has a capacity of 1.5 billion cubic meters of natural gas per year, and Edirne-Saros FSRU pier and connection line investments, are continuing.

The production of Ertugrul Gazi, BOTAS’s new FSRU ship which has a storage capacity of 170 thousand cubic meters of LNG in gas form equal to 102 million cubic meters and a daily gasification capacity of 28 million cubic meters, completed. After the completion of the tests, the ship is planned to be received by the end of the year and connected to the transmission system.

Work on the Salt Lake Natural Gas Underground Storage Project and the Northern Marmara Natural Gas Storage Expansion Project are also ongoing. The completion of these facilities will increase the total natural gas underground storage capacity to 10 billion cubic meters. Next year, the first gas filling works in 6 caverns in Salt Lake will be completed and commissioned, deep drilling of 40 caverns will be completed, and thawing activities will begin in 18 caverns. In Northern Marmara, drilling activities will begin in a total of 18 wells over two platforms and the construction of land pipelines will be completed.

In the Saros FSRU project, within the scope of the pier construction, sea fill and steel piles driving, pipeline route and channel opening works on the coastal area will be completed.

Located between producer and consumer regions in energy, activities will be continued effectively in order for Turkey to become an energy trade centre by using its geostrategic position effectively, and to develop new market products of electricity and gas trading platforms within EPIAS. In this context, the natural gas futures market will be put into operation.

Advantages of the gas discovery

Foreign dependency in energy, current account deficit and foreign trade deficit will be positively affected when the reserves in the Sakarya natural gas field and the new reserves that may be found are put into production.

Due to the high external dependency in energy, the energy costs incurred by the last source supplier will be reduced. On the other hand, long-term natural gas purchase agreement is expected to present the re-discovered in the negotiation process will provide significant advantages to Turkey, including the price of natural gas in particular.

source: AA/ translated by Melisa Karayusufoglu

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