Articles

The International Comparative Legal Guide to: Oil & Gas Regulation 2015

1 Overview of Natural Gas Sector

1.1 A brief outline of Turkey’s natural gas sector, including a general description of: natural gas reserves; natural gas production including the extent to which production is associated or non-associated natural gas; import and export of natural gas, including liquefied natural gas
(LNG) liquefaction and export facilities, and/or receiving and re-gasification facilities (“LNG facilities”); natural gas pipeline transportation and distribution/transmission network; natural gas storage; and commodity sales and trading.

Turkey has long held a strategic role in the natural gas map of the world. Relying on its key geographical status, market players, be it State or private entities, have been recognising Turkey as a regional energy hub. 

As of 2013, Turkish natural gas reserves were estimated at 6.2 billion m3, which at the prevailing production rates is likely to meet 10 years’ national demand (http://www.tpao.gov.tr/tp5/docs/rapor/ 2013-YILI-HAM-PETROL-VE-DOGAL-GAZ-SEKTORRAPORU. pdf, pg. 29).     The last decade has witnessed a significant rise (almost three times the 2002 figures) in natural gas consumption.

 

Please click here to read more 

 

This article appeared in the 2015 edition of The International Comparative Legal Guide to: Oil and Gas Regulation 2015 published by Global Legal Group Ltd, London.