LNG Imports in Turkey Projected to Reach 9 MMT by 2025
Rising
demand from industrial sector, growing use for power generation and declining
average landed prices to drive demand for LNG in Turkey through 2025
According
to TechSci Research report “Turkey LNG Market
Demand & Supply Analysis, By Region, By Application, By LNG Terminal
Competition Forecast and Opportunities, 2011-2025”, LNG Imports in the country is
projected to surpass 9 MMT by 2025. Increasing application of LNG in industrial
sector for manufacturing of glass, ceramics, fertilizer, cement and steel, coupled
with rising mining activity for chrome and copper are the major factors driving
demand for LNG in Turkey. Electricity generation capacity in Turkey reached
4.56 MW in 2015 and gross electricity consumption was recorded to be 264.12
billion kWh in 2014. Thus, rising use of LNG as an alternate power source and
increasing capacity addition in gas based power plants are the major factors
anticipated to fuel demand for LNG in Turkey during 2016 - 2025.
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Marmara region dominated Turkey
LNG market in 2015 and the region is further anticipated to continue dominate
the market through 2025, owing to increasing industrialization and growing
number of gas-fired electricity generation units in this region. In 2015, industrial
sector was the leading end use sector for LNG in Turkey, and the same trend is
anticipated to continue in the coming years as well, due to rising application
of LNG in manufacturing of glass, ceramics, fertilizer, cement, steel, etc.
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“Declining domestic production
and imports of natural gas from Russia, coupled with continuously rising demand
for natural gas from various end use sector are the major factors widening demand-supply
gap of LNG in Turkey. However, supply of LNG from Algeria, United States and
Qatar are anticipated to increase in the coming years. Moreover, growing need
for environment-friendly fuels and favorable government policies are further
expected to positively impact Turkey LNG market during 2016 - 2025.”, said Mr.
Karan Chechi, Research Director with TechSci Research, a research based global
management consulting firm.
“Turkey
LNG Market Demand & Supply Analysis, By Region, By Application, By LNG
Terminal Competition Forecast and Opportunities, 2011-2025”, has
evaluated LNG market across Turkey and provides statistics and information on
market structure, industry behavior and trends. The report includes market
projections and potential demand forecasting. The report intends to provide
cutting-edge market intelligence and help decision makers to take sound
investment evaluation. Besides, the report also identifies and analyses
emerging trends along with essential drivers, challenges, and opportunities
available in LNG market in the Turkey.
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