FSRU to diversify Turkey’s gas supply options

Turkey’s first FSRU will further diversify the country’s sources of gas supply and will also encourage greater participation of portfolio players in Turkey’s LNG market
By Abhishek Kumar 15 December 2016
Marmara Ereglisi LNG terminal, Turkey (Botas)

Directional impact on forecast:
Bullish on LNG prices

Turkey is on the verge of importing LNG using an FSRU after the country received its first floating facility at the Port of Izmir in December. The move exemplifies Turkey’s effort to diversify its sources of gas supply, even though its existing gas and LNG import capacity is underutilised. The strategy is also different from that adopted by countries such as Egypt, which sees FSRUs as a short-to-medium-term solution until domestic gas production recovers.

The GDF Suez...

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