9,807.50 TRY BIST 100 BIST 100
36.37 USD USD USD
5.04 CNY CNY CNY
38.11 EUR EUR EUR
0.13 CNY CNY/EUR CNY/EUR
39.46 TRY Interest Interest
76.31 USD Fossil Oil Fossil Oil
33.10 USD Silver Silver
4.62 USD Copper Copper
106.70 USD Iron Ore Iron Ore
351.00 USD Shipbreaking Scrap Shipbreaking Scrap
3,437.60 TRY Gold (gr) Gold (gr)

Türkiye ranks 3rd in Europe by increasing natural gas storage capacity

Türkiye is preparing to host one of the largest storage facilities in Europe by expanding its natural gas storage capacity.

Türkiye ranks 3rd in Europe by increasing natural gas storage capacity

The country is moving towards this goal with significant investments in natural gas supply and processing infrastructure in recent years.

Türkiye, which currently has an important infrastructure with the Silivri Underground Natural Gas Storage Facility (4.6 billion cubic meters capacity) and the Lake Tuz Underground Natural Gas Storage Facility (1.2 billion cubic meters capacity), is making intensive efforts to increase its capacity. Minister of Energy and Natural Resources Alparslan Bayraktar stated that they plan to increase the capacity of the  Silivri Underground Natural Gas Storage Facility to 5.6 or 6 billion cubic meters and announced that they aim to further increase the capacity of the facility in the next 2-3 years.

The capacity of the Lake Tuz Underground Natural Gas Storage Facility is planned to be increased to 8.8 billion cubic meters with the expansion works to be carried out until 2028. Thus, Türkiye's total natural gas storage capacity will reach 14.4 billion cubic meters. With this step, Türkiye will rise to the third place among the countries in Europe with approximately 100 billion cubic meters of natural gas storage capacity.

In Europe, where Germany ranks first with 24 billion cubic meters of capacity and Italy ranks second with 16 billion cubic meters, Türkiye is expected to become an important player with these expansion projects. This strong expansion of Türkiye's natural gas storage infrastructure will increase its efficiency in the energy sector and allow it to play a more important role in regional and global trade.

Comments

No comment yet.

Only +plus subscribers can access this content.

SUBSCRIBE now to share your thoughts on the markets and get more comments.
SUBSCRIBE If you already have an account Sign In

Most read news

Australian Government announces $1bn fund for low-emission iron and steel production

Sunday, February 23, 2025

Tosyalı Holding bids for Liberty Steel plant in Luxembourg

Saturday, February 22, 2025

CMB launches investigation into unusual price movements on Borsa Istanbul

Saturday, February 22, 2025

Black Sea pig iron prices drop to lowest level since 2020

Thursday, February 20, 2025

Eurozone growth uncertainty persists as PMI drops to 50.2

Saturday, February 22, 2025
Follow List
Expand
Your watch list is empty

Add your favorite commodities for quick access and don't miss the latest price change news.


There are no news categories you follow
Edit Notification Preferences
E-bulletin subscription
Sign up to receive the latest news and daily iron prices by e-mail and sms
Become a Plus Subscriber Now!
Try it free for 3 days!
Subscribe Now
Neutral Prices
Be informed
Provincial Iron Prices
Comments and Analysis
Subscribe Now