About this project
A feature about Turkey's natural gas sector, covering various aspects including investment opportunities, regulatory issues and market trends.
Turkey’s close proximity to over 75% of the world’s proven oil and gas reserves makes it a vital conduit for piped oil and gas from Russia, central Asia and the Middle East to European countries. Oil and gas from Azerbaijan, Iran, Iraq and Russia flow through Turkish pipelines, ports and waterways to Turkey’s gas power stations, industry and households and to markets further afield.
Despite some market liberalization, state-controlled BOTAŞ Petroleum Pipeline Corp. (BOTAS) imports 78% of all the natural gas consumed in Turkey. It owns and operates the country’s oil and gas transmission networks, two of the four refineries, some storage facilities, one of two LNG import terminals and has a stake in the first gas transit pipeline currently under construction, the Trans-Anatolian Pipeline. https://pgjonline.com/2017/09/20/turkeys-gas-pipelines-at-major-crossroad/