Liquefied natural gas

Turkey's natural gas storage capacity will be increased from 4.7 billion cubic meters to 11 billion cubic meters by 2023, Energy and Natural Resources Minister Fatih Dönmez told parliament members on Dec. 7.

Capital Product Partners, the NASDAQ-listed shipping company controlled by the Vangelis Marinakis family, has successful accepted delivery of a newly built LNG carrier.

Christened "Adamastos", which in Greek means "indomitable", the carrier has a transport capacity of 174,000 cubic meters. It was built at Korea's Hyundai Heavy Industries shipyard.

Close to the astronomical amount of $ 1 trillion is the value of the merchant fleet of the ten largest shipping nations in the world, with the fleet of the first three being worth more than $ 500 billion according to recent research by VesselsValue.

Work on the Nord Stream 2 pipeline was completed in September, but no gas will flow through it in the coming months. Germany stopped the procedure for its certification and as soon as it became known, energy prices increased by 18%. As Le Monde predicts, gas and electricity prices will remain high in the near future.

The market test phase for the project of FSRU (Floating Storage and Regasification Unit), of DIORIGA GAS A.E., of the Motor Oil group, begins.

Turkey is in a good position in terms of energy supplies compared to European countries amid the energy crisis that has exposed low stocks and skyrocketing energy prices, according to Turkey's Minister of Energy and Natural Resources Fatih Dönmez on Oct. 13.

Thanks to recent investments in natural gas and electricity infrastructure, Turkey will not face any energy shortage in winter, Energy and Natural Resources Minister Fatih Dönmez has said.

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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Turkey's liquefied natural gas (LNG) import dropped 41.3 percent in the first half of the year compared to the same period of 2020, as LNG prices hit record-high levels on international markets.

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Nigeria's LNG carrier, LNG Abuja II, reached Turkey on Aug. 23, according to the latest ship tracking data.

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The vessel, which has a capacity of 170,000 cubic meters, left Nigeria's port of Bonny on Aug. 9 and arrived at its final destination, the Marmara Ereğlisi LNG Terminal on Aug. 23 at 03.41 local time.