Tag is: The gas

from Hungary: There is a TurkStream gas pipeline, so Ukraine's decision is irrelevant

by the Logistics TransportIn the Category: Logistics

Hungarian Minister of Foreign Affairs assessing Ukraine's plans to refuse to be a transit country in the transport of Russian natural gas to Europe Peter Szijjarto, that Kiev ⁇ 's decision does not matter, because the TurkStream He said there was a natural gas pipeline.

15 to address economic issues. Speaking at the Russia-Hungary Intergovernmental Commission meeting, Szijjarto said, ⁇ Thanks to the TurkStream pipeline, starting next year History of Ukraine whether the transit of Russian gas through it has ended, Unlike many other European countries It doesn't matter to us He said it.

Szijjarto said that the decision to be taken by Kiev is not the problem of Budapest and does not concern the Hungarian side. the TurkStream He stressed that they were building the pipeline.

In 2024, as of today, TurkStream 5.3 billion cubic meters of Russian natural gas Szijjarto, TurkStream Hungary's role in energy security He underlined that it will increase in the future.

Szijjarto, the Russian Gazprom and the Hungarian MVM He added that his companies have reached an agreement to expand cooperation in order to increase the role of the Hungarian side in the regional gas trade.

Previously President of Ukraine Vladimir Zelensky (disambiguation), It said it would not extend the gas transit agreement with Russia, which expires at the end of 2024.

Putin reminded Europe of TurkStream and BlueStream

On the 5th of September the Eastern Economic Forum President of Russia speaking at the panel session Vladimir Putin, If Kyiv stops transferring Russian gas, the election will be held. the AB ⁇ ye Group He said he would stay.

The President of the Republic, Although the main consumers of Russian natural gas in Europe provide Ukraine with full-fledged assistance, military, financial and all kinds of support, they apparently do not want to force Ukraine to continue the transit. However, Ukraine's refusal to transit Russian gas means that the amount of gas going to Europe will decrease. These are other routes, especially the TurkStream He'll go over it, maybe partly. the Blue Stream over it again the Turkiye ⁇ ye will go to He used his expressions.

Underlining that these supplies will help maintain energy stability in Europe, Putin said, But the choice is theirs. I don't know how that's gonna affect them. We deal with our own problems and they deal with their own questions. He added.

Peskov emphasized that a gas transfer center will be built in Turkey

Kremlin Spokesperson assessing Zelensky's statements that he will not extend the gas transit agreement with Russia, which will expire at the end of 2024 by Dmitry Peskov, while emphasizing that Russia has alternative routes to supply gas to Europe, ⁇ Works on creating a center in Turkey ⁇ He had spoken.

Peskov, ⁇There are alternative routes. You know that, There are plans to create a center in Turkey and work on this issue is ongoingHe used his expressions.

10-year LNG agreement from BOTAŞ and Total ⁇

by the Logistics TransportIn the Category: Logistics

Minister of Energy and Natural Resources Bayraktar ⁇ We are creating a Turkish blend with the mixing of different sources. We are in a position to present this mixture to Avrupa ⁇ .

Turkey continues to take steps to expand its natural gas supply range. A new one has been added to the agreements previously signed with 3 global companies. BOTAŞ and TotalEnergies signed a 10-year LNG agreement during the US contacts of Alparslan Bayraktar ⁇ , Minister of Energy and Natural Resources. With the agreement, Total will supply 16 LNG cargoes of approximately 1.6 billion cubic meters each year from 2027. BOTAŞ will be able to receive some of the LNG ⁇ from the filling ports in the USA and some of the LNG ⁇ from the Turkish and European terminals.

Making a statement after the signing ceremony, Energy and Natural Resources Minister Alparslan Bayraktar stated that Turkey ⁇ is the 4 ⁇ largest natural gas market in Europe with a consumption of 50-55 billion cubic meters and ⁇ We are creating a Turkish Blend by mixing gases from different sources in Turkey ⁇ . We are able to offer this mixture to customers in Europe, especially to countries in need of gas in South East Europe.

THE GOAL IS TO BE A NATURAL GAS CENTER

Turkey, which can store natural gas from different sources with its strong infrastructure, is making strategic moves in line with its goal of becoming a natural gas center. On the margins of Gastech 2024 Fair and Conference held in Houston, USA, an agreement was signed between TotalEnergies, a global energy company, and BOTAŞ. While Minister Bayraktar accompanied the agreement, BOTAŞ General Manager Abdulvahit Fidan and TotalEnergies LNG Senior Vice President Gregory Joffroy signed the agreement.

THE SUPPLY PORTFOLIO IS DIFFERENT

According to the agreement; TotalEnergies will supply 16 LNG cargoes of approximately 1.6 billion cubic meters each year from 2027. BOTAŞ will be able to receive some of the LNG ⁇ from the filling ports in the USA and some of the LNG ⁇ from the Turkish and European terminals. With the agreement, Turkey's natural gas supply portfolio will be diversified. With these and similar agreements, BOTAŞ will gain additional operational and commercial capabilities and become stronger in the global market.

LONG-TERM AGREEMENTS

CLOSE TO 10 YEARS

Bayraktar noted that the agreement with Total covers 10 years and includes the delivery of 16 cargoes of approximately 1.6 billion cubic meters of LNG to Türkiye ⁇ every year for 10 years starting from ⁇ 2027. So when you look at the sum of 16 billion cubic meters of a deal. ⁇ he said.

80 BILLION METERS CAPACITY

Stating that Turkey has become able to receive the gas above its needs with its existing infrastructure, Bayraktar said that Turkey's entry capacity is able to easily meet approximately 80 billion cubic meters with the production at Sakarya Gas Field, international pipeline projects and LNG infrastructure.

WE WILL EXPORT THE ROOM TO EUROPE

Bayraktar, Turkey ⁇ Considering that it is the 4th largest natural gas market in Europe with its consumption of 50-55 billion cubic meters, emphasizing that it can export the remaining amount to Europe ⁇ We are creating a Turkish Blend by mixing gases from different sources in ⁇ Turkey ⁇ . We are able to offer this mixture to customers in Europe, especially to countries in need of gas in South East Europe. We currently export this gas to Bulgaria ⁇ a, Romania ⁇ a, Hungary ⁇ a. I hope that we will do this in larger quantities as BOTAS as Turkey. ⁇ said.

THERE MAY BE NEW AGREEMENTS

Bayraktar, who explained that they have created a gas portfolio by evaluating whoever proposes more competitive, cheaper and more flexible contract terms under any favorable conditions, ⁇ Of course, there may be such agreements that may be new. We will continue to work to supply gas to our country from the cheapest source under the most competitive conditions. ⁇

bigpara.hurriyet.com.tr

The flag is: Strategy is changing in our energy supply portfolio

by the Logistics TransportIn the Category: Logistics

Alparslan Bayraktar, Minister of Energy and Natural Resources, stated that they have made great investments in natural gas infrastructure, underground warehouses and gasification units in Turkey, ⁇ Now our entire supply portfolio is transforming from long-term pipeline gas contracts to more flexible long-term energy contracts. Therefore, we make a big difference in this market and bring more competitive solutions to the market with these infrastructure investments.

Bayraktar spoke at the Ministerial Panel held within the scope of the Gastech 2024 energy forum held in Houston, Texas, USA.

Mentioning the three challenges Turkey faces in the energy sector, Bayraktar said that the first of these is the increase in energy demand from homes to industry in the country.

We can't say no to an alternative solution.

Bayraktar pointed out that 3 ⁇ te 2 ⁇ of the primary energy in the country is from imports, and therefore Turkey ⁇ is dependent on imports in energy.

Referring to the country's energy transformation journey, Bayraktar pointed out that Turkey wants to be a carbon-neutral economy.

Bayraktar stated that they have developed policies to overcome these three challenges, and we are developing policies to meet global demand, reduce dependency and address the energy transformation journey. Therefore, we are in a position where we cannot say no to an alternative energy solution or source coming from any direction.

⁇ Gasification capacity increased fivefold ⁇

In this context, Bayraktar said that they have developed a long-term and ambitious program and reminded that they detected the Black Sea gas field in 2020.

Bayraktar pointed out that natural gas was supplied to 2.6 million households in less than 4 years, adding that there is great potential to increase this number.

Referring to other studies in the field of energy, Bayraktar said:

At the same time, we make large investments in our gas infrastructure, underground warehouses, gasification units. We have increased our gasification capacity by almost 5 times, and now our entire supply portfolio is transforming from long-term pipeline gas contracts to more flexible long-term energy contracts. Therefore, we make a big difference in this market and bring more competitive solutions to the market with this infrastructure investment. ⁇

Bayraktar emphasized the importance they attach to nuclear energy by stating that they have an ambitious program that they want to increase Turkey's renewable energy production capacity to 100 gigawatts in 2035.

Stating that all the policies they developed require a ⁇ 360 degree perspective, Bayraktar pointed out the importance of issues such as the discovery of critical minerals, the production of solar panels, new technologies, digitalization, increasing the capacity of the transmission network, integrating the network into neighboring markets.

⁇ Turkey, Europe's fourth largest gas market ⁇

Bayraktar touched upon various cooperations from the Middle East to Europe in the field of energy and pointed out that Turkey plays an important role in Europe's security of supply.

Stating that natural gas is very important not only for Turkey but also for the region, Bayraktar said, ⁇ We started to produce our own gas, but also made great investments in international projects with pipelines and to increase regasification capacity. Now we can bring more than we need, he said.

Pointing out that Turkey is the fourth largest gas market in Europe with 50 billion cubic meters, Bayraktar noted that with infrastructure, neighboring countries and reliable suppliers from other parts of the world, they can bring almost 75 billion cubic meters of gas to the Turkish market.

Stating that they can export the extra 25 billion cubic meters to European markets, Bayraktar noted that a long-term and successful cooperation can be achieved if the right balance is established between producer, carrier and consumer countries.

BOTAŞ signs LNG agreement with Total

by the Logistics TransportIn the Category: Logistics

According to sources close to the issue, Turkey has signed a new 10-year procurement agreement with TotalEnergies SE, 1.6 billion cubic meters per year, following Exxon Mobil Corp. and Shell Plc ⁇ . While this agreement increases Turkey's capacity to trade gas to Europe and the countries in the region including Egypt, it also increases its bargaining power in new period natural gas agreements with Russia and Iran.

Energy and Natural Resources Minister Alparslan Bayraktar attended the LNG supply agreement ceremony between French TotalEnergies and BOTAŞ yesterday evening in Houston, USA. Under the agreement, Turkey will supply 1.6 billion cubic meters of LNG annually for 10 years from 2027. BOTAŞ's agreement with Shell Plc envisaged an annual supply of 4 billion cubic meters, and its agreement with Exxon Mobil Corp. envisioned an annual supply of 2.5 million tons.

It is important for Turkey that the start dates of all three agreements are 2027. The new LNG agreements strengthen Turkey's hand in negotiations with Iran and Russia for the renewal of long-term supply contracts, which will expire in 2025 and 2026.

161 million cubic meters capacity

Turkey's 3 FSRU vessels are capable of gasification of 84 million cubic meters per day. In addition, Egegaz LNG terminal in Izmir Aliağa ⁇ has a capacity of 40 million cubic meters per day and Marmara Ereğlisi LNG terminal in Tekirdağ ⁇ has a capacity of 37 million cubic meters. The total gasification capacity of the 5 plants is 161 million cubic meters.

In the last year, Turkey has signed natural gas export agreements with 4 European countries: Bulgaria, Hungary, Romania and Moldova. The fact that the transit agreement of the Russia-Ukraine-Europe pipeline will end this year strengthens Turkey's role in this regard for Europe. In the event of the end of the annual transit of 40 billion cubic meters of natural gas between 2021-2024, it is imperative that Avrupa ⁇ turn to alternative solutions.

In an interview with Bloomberg in July, Minister Bayraktar said that if the technical infrastructure is prepared to address Avrupa ⁇ 's concerns about energy supply security, Turkey can increase the gas transfer to Bulgaria from 3.5 billion cubic meters to 7 billion cubic meters and benefit European countries from 25-30 billion cubic meters of LNG processing capacity.

The new country could be Egypt.

In addition to European countries, Turkey is also conducting LNG negotiations with Egypt, where relations have started to normalize after many years. In this context, negotiations have been going on for some time regarding the project regarding the role of Turkey's FSRU ships in Egypt's gas supply. Minister Alparslan Bayraktar also met with his Egyptian counterpart during his visit to the United States.

EU determined to continue without Russian gas

by the Logistics TransportIn the Category: Logistics

European Union (EU) Commissioner for Energy Kadri Simson held a press conference on the ⁇ EU Energy Union 2024 ⁇ report in Brussels, where the steps taken by Europe in energy transformation were evaluated.

Reminding that AB ⁇ has been rapidly progressing in renewable energy installation in the last two years, Simson said that in the first half of 2024, wind and solar energy broke new records and surpassed fossil fuels for the first time in electricity production.

Simson pointed to the importance of market integration, grid and infrastructure investments to ensure the proliferation of renewable energy sources.

Stating that they managed to end the decades-long dependence on Russian fossil fuels, Simson noted that in the past, AB ⁇ imported 150 billion cubic meters of gas from Russia every year, which now falls below 50 billion cubic meters.

Simson stated that our dependence on ⁇ Russia ⁇ decreased from 45 percent in 2021 ⁇ to 15 percent last year ⁇ .

Reminding that EU gas tanks reached 90 percent occupancy weeks before the targeted date of November 1, Simson emphasized that Avrupa ⁇ reduced its gas consumption by 18 percent between 2022 and 2024.

The next five years are critical.

Simson pointed out that the next 5 years are critical for AB ⁇ to achieve clean energy transformation, fulfill its climate commitments and maintain the competitiveness of its industry.

"We are determined to complete the phased removal of Russian gas without threatening the security of Europe's energy supply," Simson said, adding that AB ⁇ is ready to proceed without Russian gas from the Ukrainian transit route.

Stating that energy is still very expensive in Europe, Simson said that high energy prices affect the international competitiveness of Europe, especially against China and the USA.

Emphasizing that energy prices are working hard to reduce from the peak level in 2022, Simson said that structural problems should be addressed at this stage.

Simson stated that the main method to reduce prices is to accelerate the installation of renewable energy.

Stating that they need to provide more support to energy infrastructure and grid development, Simson said that they need to turn more towards clean energy and import less fossil fuels to guarantee competitiveness, supply security and economic resilience.