Turkish Energy Market Regulatory Authority

Turkey's oil imports rose 24.26 percent in January compared to the same month in 2016, Turkish Energy Market Regulatory Authority (EPDK) data showed on March 22.        

The country's oil imports reached 2.3 million tons in January.        

Turkey imported 83 million cubic meters of liquefied natural gas from the United States in January after the latter became an LNG exporter with its shale gas resources, state-run Anadolu Agency reported based on information from the Turkish Energy Market Regulatory Authority (EPDK).

There has been a rapid increase in Turkey?s energy consumption, and the country needs to invest around $120 billion in energy projects by 2023, President Recep Tayyip Erdo?an said on Jan. 20.

Turkey?s natural gas consumption soared by 5.7 percent, reaching 47.8 billion cubic meters in 2014, official sources, who asked not to be named, told Anadolu Agency on Jan. 9.
    
Natural gas consumption has been increasing continuously in Turkey due to the country?s developing economy, industry and increasing population.