European Gas Hub
No Result
View All Result
  • Premium Content
    • All
    • Coal Market
    • European Energy Policy
    • European Gas Pipeline Infastructure
    • European Gas Prices
    • European Gas Storage
    • European Gas Supply & Demand
    • LNG
    • Russia
    • Unconventional Resources
    • Hydrogen
    • European power generation
    • Other
  • Blog
  • Events
  • Industry Links
    • Industry Association
    • Research Institute / Think Tank
    • Regulatory Body
    • Government Body
    • Consultant
    • Gas Prices
  • Newsletter
  • Videos
  • Other Hubs
    • GLOBAL LNG HUB
    • GLOBAL MARITIME HUB
    • THE COAL HUB
  • Subscribe
  • My account
  • Login
SUBSCRIBE
  • Premium Content
    • All
    • Coal Market
    • European Energy Policy
    • European Gas Pipeline Infastructure
    • European Gas Prices
    • European Gas Storage
    • European Gas Supply & Demand
    • LNG
    • Russia
    • Unconventional Resources
    • Hydrogen
    • European power generation
    • Other
  • Blog
  • Events
  • Industry Links
    • Industry Association
    • Research Institute / Think Tank
    • Regulatory Body
    • Government Body
    • Consultant
    • Gas Prices
  • Newsletter
  • Videos
  • Other Hubs
    • GLOBAL LNG HUB
    • GLOBAL MARITIME HUB
    • THE COAL HUB
  • Subscribe
  • My account
  • Login
European Gas Hub
No Result
View All Result
Home Gas Prices

The influence of U.S. LNG in the Turkish gas market

Editor by Editor
1 year ago
min read2 min
The influence of U.S. LNG in the Turkish gas market
Share on FacebookShare on TwitterShare on Linkedin

Turkey is one of the most prominent examples of the country that has managed to significantly diversify its energy supply sources in a relatively short time.

RELATED POSTS

Coal to gas switching

Coal to gas switching

2 days ago
Global-gas-price

Global gas price correlation remained strong in 2022

1 week ago
European-gas-storage

The true value of European gas storage

2 weeks ago

As a number of new liquefaction plants came on stream worldwide in the latter half of the 2010s and two FSRUs were put into operation in Aliaga and Dortyol, spot LNG cargoes have become an integral part of the country’s gas imports. And it is the US that now dominates over other suppliers of non-contractual volumes to Turkey.

In recent years, US LNG deliveries at the Turkish regasification facilities were rising at a faster pace than receipts from any other source. As recently as 2019, the share of the US in Turkey’s total LNG imports stood at only 8pc, but already in 2020 transatlantic shipments accounted for more than 50pc, increasing further to almost 30pc in the period from January to mid-October 2021, according to Kpler.

This year, all spot cargoes, except for two that arrived at Aliaga and Marmara Ereglisi terminals from Qatar and Egypt respectively, were delivered to Turkey from the US plants.

Understandably, the Turkish terminals received less US LNG in the first nine and a half months of 2021 as compared to the same period last year. But in the medium term, it is the US that would be best positioned to significantly increase exports to Turkey.

When Calcasieu Pass LNG and Sabine Pass Train 6 enter commercial service, trading companies, which purchase Henry Hub-indexed LNG on FOB basis, will likely have more to offer Turkish buyers.

In that changing context Turkey understands the need to pay special attention to the major US gas hub, going beyond traditional benchmarks such as Brent crude or TTF and PSV prices.

The increased role of US LNG in the Turkish market may be reflected in the inclusion of the Henry Hub into the formula for calculating the reference price while launching gas futures on the Istanbul-based energy exchange EPIAS, ICIS reported in early September.

Turkey’s demand for spot LNG depends heavily on the amount of gas imported under long-term contracts. But with access to non-contractual seaborne cargoes, local buyers can be flexible enough to better adapt their activities to a volatile environment.

Source: Yakov Grabar 

Tags: TurkeyTurkish gas pricesTurkish LNG importsYakov Grabar
Editor

Editor

Related Posts

Coal to gas switching
Gas Prices

Coal to gas switching

2 days ago
Global-gas-price
Gas Prices

Global gas price correlation remained strong in 2022

1 week ago
European-gas-storage
Gas Prices

The true value of European gas storage

2 weeks ago
European gas storage spreads normalise
Gas Prices

European gas storage spreads normalise

3 weeks ago
European-gas-price
Gas Prices

What’s behind the European gas price decline?

3 weeks ago
gas-demand
Supply and Demand

Prospects for European industrial gas demand

3 weeks ago

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Trending Posts

European-gas-storage

The true value of European gas storage

2 weeks ago
European gas storage spreads normalise

European gas storage spreads normalise

3 weeks ago
European-gas-price

What’s behind the European gas price decline?

3 weeks ago
Load More

Recent Post

Coal to gas switching

Coal to gas switching

2 days ago
Global-gas-price

Global gas price correlation remained strong in 2022

1 week ago
European-gas-storage

The true value of European gas storage

2 weeks ago
Load More

European Gas Hub is an online platform for sharing analysis and information about European natural gas markets more info

Categories

  • European Gas Prices
  • Energy Policy
  • European Gas Infastructure
  • European Gas Storage
  • Coal Market
  • Supply & Demand
  • Gas Supply & Demand
  • LNG
  • Other
  • Unconventional Resources

Recent Posts

Coal to gas switching

Global gas price correlation remained strong in 2022

The true value of European gas storage

Energise your Tuesday!

Sign up to receive our weekly newsletter with new European gas market reports, presentations & analysis. Every Tuesday.

By signing up, I agree to our TOS and Privacy Policy.

© 2020 EuropeanGasHub | All Rights Reserved

No Result
View All Result
  • Premium Content
    • All
    • Coal Market
    • European Energy Policy
    • European Gas Pipeline Infastructure
    • European Gas Prices
    • European Gas Storage
    • European Gas Supply & Demand
    • LNG
    • Russia
    • Unconventional Resources
    • Hydrogen
    • European power generation
    • Other
  • Blog
  • Events
  • Industry Links
    • Industry Association
    • Research Institute / Think Tank
    • Regulatory Body
    • Government Body
    • Consultant
    • Gas Prices
  • Newsletter
  • Videos
  • Other Hubs
    • GLOBAL LNG HUB
    • GLOBAL MARITIME HUB
    • THE COAL HUB
  • Subscribe
  • My account
  • Login

© 2020 EuropeanGasHub | All Rights Reserved

We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept”, you consent to the use of ALL the cookies.
Cookie settingsACCEPT
Manage consent

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary
Always Enabled
Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.
Non-necessary
Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.
SAVE & ACCEPT

Energise your Tuesday!

SIGN UP to receive our weekly newsletter with new European gas market reports, presentations & analysis. EVERY TUESDAY!

Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?