Tag is: the Republic of Turkey

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.

Route railway in export

by the Logistics TransportIn the Category: Logistics

Minister of Transport and Infrastructure Abdulkadir Uraloğlu announced that exports realized by rail increased by 13.2 percent in the January-July period of 2024 compared to the same period of last year and said that 1.2 million tons of export cargo was transported.

Minister of Transport and Infrastructure Abdulkadir Uraloğlu shared the cargo data carried for export purposes for the January ⁇ July period of 2024. Minister Uraloğlu, emphasizing that Turkey has gained a significant momentum in railway transportation, ⁇ We see that the use of railway in our country's export transportation is increasing every year, and we are constantly working to develop our railway transportation and transportation infrastructure, which stands out with its environmentally and economical aspects under the leadership of our President Recep Tayyip Erdoğan ⁇ , in order to meet the increasing need. We have also renewed untouched conventional lines for almost a century. We have connected our organized industrial zones, factories and ports to our railway network.

1.2 million tons of cargo transported in 7 months

Minister Uraloğlu stated that railway transportation increased Turkey's export potential in terms of both speed and capacity, and by carrying out 1.2 million tons of export transportation in the first 7 months of 2024, we broke a record with an increase of 13.2 percent compared to the same period last year. The developing capacity of Turkey's railway transportation will further increase its export volume in the coming years. Our exports by rail are an important element of our country's economic growth. Our goal is to further consolidate Turkey's strategic role in Europe's trade lines by expanding these networks.

86% of exports are from Istanbul and surrounding provinces

Stating that Istanbul and the surrounding provinces play an important role in railway transportation, Minister Uraloğlu said that more than 1 million 32 thousand tons of cargo, which corresponds to 86 percent of the said transportations, was transported from Istanbul and the surrounding provinces. In addition, we deliver export products from our provinces such as Izmir, Eskişehir, Ankara and Sivas to Europe. Uraloğlu stated that these transportations reveal the logistical power of Turkey and the importance of railway transportation in exports and underlined that railway connections that provide connectivity with Europe make great contributions both economically and environmentally.

⁇ At least 8 freight trains operated daily between Turkey and Europe provide uninterrupted trade to Avrupa ⁇

Emphasizing that Turkey's role as a trade bridge between Asia and Europe was further strengthened with the launch of the Baku-Tbilisi-Kars (BTK) railway line, Uraloğlu stated that infrastructure improvements and cooperation agreements between Europe and Central Asia railways enabled Turkey to have more say in export transportation. Referring to the increasing strengthening of Turkey's ties with Europe in railway transportation and the strategic importance of export orientations in this field, Uraloğlu said that at least 8 freight trains operated daily between Turkey and Europe provide uninterrupted trade to Europe. Among the exported products are products such as automotive spare parts, textile products, food, electronic products, chemical products, cement and construction materials. Thanks to this transport infrastructure, we offer not only a cost advantage, but also an environmentally friendly and sustainable transport model.

Emphasizing that railway transportation stands out as a more environmentally friendly option, Minister Uraloğlu emphasized that railway transportation will play a key role in order to comply with the European Green Deal aiming at greenhouse gas reduction and competitiveness and to achieve Turkey's 2053 net zero emission targets. ⁇ ANKARA

Source of: İhlas News Agency / Department of Economics

Exports by rail increased by 13.2 percent in 7 months

by the Logistics TransportIn the Category: Logistics

Minister of Transport and Infrastructure Abdulkadir Uraloğlu announced that exports realized by rail increased by 13.2 percent in January ⁇ July period of 2024 compared to the same period of last year and said that 1.2 million tons of export cargo was transported.

Stating that 86 percent of the said transportation, which corresponds to 1 million 32 thousand tons, was carried out from Istanbul and the surrounding provinces, Minister Uraloğlu noted that automotive spare parts, textile products, food, electronic products, chemical products, cement and construction materials came at the beginning of the exported products.

Uraloğlu shared the cargo data carried for export purposes for the January ⁇ July period of 2024. Minister Uraloğlu, emphasizing that Turkey has gained a significant momentum in railway transportation, ⁇ We see that the use of railway in our country's export transportation is increasing every year, and we are constantly working to develop our railway transportation and transportation infrastructure, which stands out with its environmentally and economical aspects under the leadership of our President Mr. Recep Tayyip Erdoğan ⁇ , in order to meet the increasing need. We have also renewed untouched conventional lines for almost a century. We have connected our organized industrial zones, factories and ports to our railway network. ⁇ said.

⁇ 1.2 Million Tons of Freight Carried in 7 Months ⁇

Minister Uraloğlu stated that railway transportation increased Turkey's export potential in terms of both speed and capacity, and by carrying out 1.2 million tons of export transportation in the first 7 months of 2024, we broke a record with an increase of 13.2 percent compared to the same period last year. The developing capacity of Turkey's railway transportation will further increase its export volume in the coming years. Our exports by rail are an important element of our country's economic growth. Our goal is to further consolidate Turkey's strategic role in Europe's trade lines by expanding these networks.

⁇ 86% of exports are from İstanbul and Çevre Provinces ⁇

Stating that Istanbul and the surrounding provinces play an important role in railway transportation, Minister Uraloğlu said that more than 1 million 32 thousand tons of cargo, which corresponds to 86 percent of the said transportations, was transported from Istanbul and the surrounding provinces. In addition, we deliver export products from our provinces such as Izmir, Eskişehir, Ankara and Sivas to Europe. ⁇ said. Uraloğlu stated that these transportations reveal the logistical power of Turkey and the importance of railway transportation in exports and underlined that railway connections that provide connectivity with Europe make great contributions both economically and environmentally.

⁇ At Least 8 Freight Trains We Operate Daily Between Turkey and Europe Provide Uninterrupted Trade to Europe ⁇

Emphasizing that Turkey's role as a trade bridge between Asia and Europe was further strengthened with the launch of the Baku-Tbilisi-Kars (BTK) railway line, Uraloğlu stated that infrastructure improvements and cooperation agreements between Europe and Central Asia railways enabled Turkey to have more say in export transportation. Referring to the increasing strengthening of Turkey's ties with Europe in railway transportation and the strategic importance of export orientations in this field, Uraloğlu said that at least 8 freight trains operated daily between Turkey and Europe provide uninterrupted trade to Europe. Among the exported products are products such as automotive spare parts, textile products, food, electronic products, chemical products, cement and construction materials. Thanks to this transport infrastructure, we offer not only a cost advantage, but also an environmentally friendly and sustainable transport model. ⁇ said.

Emphasizing that railway transportation stands out as a more environmentally friendly option, Minister Uraloğlu emphasized that railway transportation will play a key role in order to comply with the European Green Deal aiming at greenhouse gas reduction and competitiveness and to achieve Turkey's 2053 net zero emission targets.

foreks.com