State-owned electricity producer EUAS considers buying natural gas from private companies.

By bne IntelliNews May 22, 2013

State-owned electricity generation company EUAS is working on plans to buy annually 1-2bn cubic metres of natural gas from private companies, the general manager Halil Alis said. The share of private companies in Turkey’s total natural gas import is around 20%.

EUAS buys 6-7bn cubic metres of natural gas from state-owned pipeline company Botas each year, Alis said. Turkey’s natural gas consumption is expected to be 47.6bn cubic metres this year. Around 45% of Turkey’s electricity production comes from gas, which is mostly imported from Russia, 24% from coal, 25% from hydro and 2% from renewables (wind + geothermal).

43% of Turkey’s total installed capacity is held by EUAS and its subsidiaries, 16% held by privatized companies and the remaining 39% is held by the private companies and autoproducers.

Turkey’s electricity consumption is projected to increase by 7% a year until 2020. The country’s electricity production was 239bn kWh in 2012 and consumption rose 5.1% y/y to 242bn kWh. Total installed electricity capacity increased from 31,846 MW in 2002 to around 56,000 MW at end-2012. The energy ministry projects that between USD 120 and USD 130bn investment will be required to meet domestic demand by 2023.

Related Articles

Montenegro to speed up re-nationalisation of power firm EPCG

Montenegro’s government has decided to speed up the acquisition of Italian A2A's stake in the power firm EPCG, paying €68.9mn for a ... more

Croatia reportedly receives just one bid to lease capacity at planned LNG terminal

LNG Hrvatska has reportedly received just one binding offer to lease capacity at the planned planned liquefied natural gas (LNG) terminal on the Croatian island of Krk, unnamed sources ... more

Finland gives final nod to construction of Nord Stream II

Finland has issued a second and final permit for the construction of the controversial Nord Stream II pipeline that is to pump gas from Russia directly to Germany via a Baltic Sea route, the Regional ... more