Petroleum production

The newly built liquefied natural gas (LNG Carrier) ship "LNG Energy Integrity" was received on May 14 by Alpha Gas of the family of Anna Angelikoussi and Frangiskos and Antonis Kanellakis.

Turkey ranked third in the world after China and India with an annual growth of 1.3 million tonnes in LNG imports in 2020, according to the latest report of the International Group of Liquefied Natural Gas Importers (GIIGNL).

China ranked first with imports of 7.2 million tonnes last year followed by India with 2.6 million tonnes.

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.

They send the floating drilling rig Yavuz to the region – New provocations by Erdogan

Austrian energy giant OMV has replaced 10 percent of its truck fleet in Turkey with natural gas-powered ones as part of its environment-friendly and sustainable growth approach, the general manager of OMV Turkey has said.

An oil and gas exploration platform in the Black Sea. Photo: EPA-EFE/VASSIL DONEV

A consortium of Italy's Eni and Russia's Novatek plans on March 25 to start exploratory oil and gas drilling offshore from Montenegro under a concession contract signed in 2016.

U.S. LNG carrier, LNG Abalamabie, is due to arrive in Turkey on Feb. 8, according to ship-tracking data gleaned by Anadolu Agency on Feb. 5.

With a capacity of 170,000 cubic meters, the vessel left the U.S. port of Freeport on Jan. 24 and is currently en route to its next destination, the Aliaga LNG terminal in Izmir.

Bulgaria's state gas company Bulgartransgaz has finalized a deal to take 20% of Greek company Gastrade, which is developing a floating liquefied natural gas (LNG) facility off the city of Alexandroupoli, Gastrade said on Thursday.

The deal is part of Bulgaria's strategy to diversify and to decrease its dependence on Russian gas.

Natural gas inflow to Turkey's gas network saw a year-on-year increase of around 6.38 percent to 50 billion cubic meters (bcm) in 2020, according to data from the Turkish Petroleum Pipeline Corporation (BOTAŞ).

In 2019, around 47 bcm of natural gas was carried through the Turkish natural gas system.

The expiry of long-term, oil-indexed natural gas contracts at the end of 2021 offers Turkey an opportunity to negotiate more competitive gas prices based on more flexible terms, particularly with Russia.