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Turkey’s gas hub hopes will be dashed

Content type:: Expert Briefings
Location:: TURKEY
Keywords associated with this article:: Geographic: Turkey ME/NAF Bulgaria Eastern Europe Greece Iran Iraq Russia

Topical: economy industry international relations gas government policy prices private sector public sector sanctions
ISSN:: 2633-304X
Citation:: Oxford Analytica (2023), "Turkey’s gas hub hopes will be dashed", Expert Briefings.
https://doi.org/10.1108/OXAN-DB278834

Thursday, May 4, 2023

Significance

Ankara is also revising its Gas Market Law 4646, with the aim of becoming a gas transit, trading and pricing hub. The law will make it easier for private-sector companies to import and transit gas to Europe. In the longer term, the government hopes to liberalise Turkey’s gas market fully.

Impacts

Increased private-sector involvement will probably start with the import of spot liquefied natural gas (LNG).
State gas company Botas is less likely to be unbundled if the opposition wins the May 14 elections.
Greater market openness could rekindle interest in bringing gas from sources such as Iraqi Kurdistan and the East Mediterranean.

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Significance

Impacts

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