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
INTERVIEW: Biomethane can make up Ukraine’s gas shortfall - Ukraine Bioenergy Association
Ukraine is rapidly developing its biomethane sector with ambitions to become a major European supplier. Georgii Geletukha, head of the board at the Bioenergy Association of Ukraine, told bne ... more
Poland’s Orlen signs deal to supply Ukraine with LNG
Ukraine’s Naftogaz will purchase 100mn cubic metres of LNG from Poland’s Orlen, Ukraine’s biggest state-owned energy firm announced on March 7. The LNG will be transported from cargoes ... more
OPEC+ continues with production plan despite Trump’s demands
OPEC+ has decided to continue with its current oil production plans after a review meeting on February 2 despite calls from US President Donald Trump to lower crude prices. According to a ... more