BOTAŞ

Turkey is on its way to becoming a key hub for LNG supplies with cooperation from Turkey's largest public institution in the areas of energy, trade, transportation and storage, BOTAŞ, along with Arkas Bunkering and Sumitomo Corporation, according to Turkey's BOTAŞ on Sept. 8. 

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With 110 million cubic meters of storage and 28 million cubic meters of gasification capacity, Turkey's first publicly owned floating liquefied natural gas (LNG) storage and gasification vessel (FSRU) will add significant flexibility to Turkey's energy supply chain security, according to Energy and Natural Resources Minister Fatih Dönmez.

Turkey's first floating LNG storage and gasification vessel (FSRU) "Ertuğrul Gazi" is registered to the Turkish International Ship Registry on March 3.

According to the social media account of the Ministry of Transport and Infrastructure's General Directorate of Maritime Affairs, Ertuğrul Gazi flew the Turkish flag.

Baku-Tbilisi-Ceyhan (BTC) oil pipeline delivered over 3.4 billion barrels of Azeri oil since operations began in 2006, according to data from Turkey's petroleum pipeline corporation BOTAŞ.

Public Gas Corporation (DEPA) has shifted to an aggressive commercial policy, aiming to reverse the contraction of its market share, which dropped to 33 percent at end-2019 from 58 percent in 2018.

Greece's state-controlled gas utility DEPA, earmarked for privatisation this year, has won a legal case over a supply deal with Turkish state energy company BOTAS, DEPA said on Thursday.

The International Court of Arbitration (ICC) ruled on Wednesday that BOTAS should cut retrospectively the contractual gas prices that DEPA has paid, DEPA said in a statement.

Turkish President Recep Tayyip Erdoğan is meeting with his Russian counterpart Vladimir Putin in Istanbul.

Jan. 8's meeting is being held ahead of the launch ceremony of TurkStream natural gas pipeline project in the city, which the two leaders are set to attend.

The Salt Lake natural gas underground storage facility, the largest gas storage project in the world, is the greatest response to those uttering sanctions threats to Turkey in the east Mediterranean, Turkish energy minister has said.

Turkey's natural gas consumption decreased year-on-year by 6 percent to around 50 billion cubic meters in 2018, according to official figures from Turkish Petroleum Pipeline Corporation (BOTAŞ) on Jan. 11.

Turkish state-run pipeline operator Botaş has raised natural gas prices by 9 percent for residential users and 18.5 percent for industrial users, energy sector sources said on Oct. 1.