Gazprom works on gas storage in Turkey

Gazprom works on gas storage in Turkey

ANKARA - Anatolia News Agency
Gazprom works on gas storage in Turkey

A sign stands in front of the Moscow headquarters of Gazprom’s exports division. The firm eyes storge in Turkey.

Russian Gazprom is conducting studies to see if it can build natural gas storage facilities in Turkey, according to Gazprom officials who spoke to Anatolia news agency. 

Turkey’s natural gas consumption has increased three-fold in the past decade, reaching 40 billion cubic meters, which has made Turkey an attractive market with future potential, according to the officials. 

Recent experiences

“Whenever Turkey has had any problems with other natural gas providers, it has always looked to Gazprom to supply the needed natural gas,” said an official, adding last winter Turkey’s natural gas consumption hit the roof and Gazprom was forced to use its underground natural gas storage facilities in Europe to meet Turkey’s needs and redirected 38 million cubic meters per day to Turkey. Therefore, Gazprom believes Turkey needs its own underground natural gas storage facilities. 

The Gazprom officials said Turkey’s electricity sector also had potential, but it was too early for them to consider entering Turkey’s electricity market.