2024-05-23 17:28:56
Turkey will robotically change into a fuel buying and selling middle (fuel hub) within the coming years as its liquefied pure fuel (LNG) infrastructure expands and its sources additional diversify. This was introduced by the Minister of Vitality and Pure Sources of the Republic Alparslan Bayraktar on the TRT TV channel, Day.Az experiences on the subject of TASS.
“One of many parts of our fuel diversification technique is the acquisition of liquefied pure fuel. Over the previous eight years, we’ve made so many investments that the capability of our liquefaction enterprises has reached 160 million cubic meters. So we’ve change into a rustic that may simply import as much as half of what it wants quantity of fuel within the type of LNG. We even have a legislative framework able to promote this liquefied fuel, sending it by tankers,” the minister mentioned.
He recalled that earlier in the USA “agreements had been reached on LNG provides, there are agreements with Azerbaijan to extend provide volumes, and there’s a challenge for the availability of Turkmen fuel to Turkey.” All this, he mentioned, is an integral a part of the worldwide fuel commerce middle challenge.
The minister referred to as the Turkish Stream pipeline “one of the vital Turkish initiatives for diversifying the sources” of GHGs. “Beforehand, we obtained a part of the fuel from Russia – in transit by means of Ukraine, Moldova, Romania and Bulgaria. Now there isn’t a want for such transit, and we obtain this fuel straight by means of the Black Sea,” he famous.
“We’ve a business, technical and authorized infrastructure and a really well-functioning vitality trade. We promote fuel to Bulgaria, Hungary and Romania. All this turns our nation right into a fuel buying and selling middle. We need to enhance the amount of our underground LNG storage amenities from 5.8 billion to 12 billion cubic meters by 2028. We will retailer 25% of fuel in liquefied type,” Bayraktar mentioned. Türkiye, he mentioned, continues to think about the fuel hub challenge strategic. “To develop this, we’d like extra sources, we have to increase the chances of pumping for export to Bulgaria and Greece. Maybe some alternatives will open up with Iraq. Having taken all these steps, we are going to robotically change into a middle of fuel commerce,” the minister famous.
Bayraktar famous that personal manufacturing of fuel and different vitality assets is just not so vital straight for the work of the fuel buying and selling middle and vitality trade. “In fact, it is vital for us to make use of our personal vitality assets, fuel, oil, sources of renewable vitality. However then again, this can be very vital to diversify imports as a lot as potential. We have to obtain vitality assets from completely different international locations and in numerous types. <...> Azerbaijani fuel flowed to Turkey by means of two separate traces. Now there shall be a 3rd, that is the Ygdir – Nakhichevan fuel pipeline. “By this winter, Azerbaijani fuel ought to start flowing by means of Turkey to Nakhichevan,” Bayraktar added.
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