Turkey tucks into bargain US LNG
Russian pipeline imports are flexed lower in an effort to profit from LNG supply glut
Turkey cut its total pipeline imports by 3.55bn m³, or 18pc, to 16.15bn m³ in the first half of 2019, ramping up instead LNG deliveries as the Atlantic Basin bathed in a sea of plentiful supply and low prices. Russian pipeline imports—it also receives cross-border flows from Iran and Azerbaijan—took the most significant hit. Delivered volumes in the first half of the year were down by 4.5bn m³, or 36pc, to 8bn m³, leaving Russia supplying just 34pc of Turkey’s import requirements. In contrast, Russia took a 47pc slice of Turkey’s 50.35bn m³ 2018 import pie. Pipeline imports have lost out to LNG, with ship-borne volumes totalling almost 7.15bn m³ in the first half of 2019, up by 0.9bn m³ fr
Also in this section
13 April 2026
Petroleum Economist analysis highlights sharp shift from crude oversupply to market deficit, with Iraq and Kuwait badly affected and key producers Saudi Arabia and the UAE also seeing output sharply lower
13 April 2026
Turkmenistan is moving ahead with a modest expansion of the giant Galkynysh field to sustain gas deliveries abroad, but persistent delays to other key pipeline projects and geopolitical risks continue to constrain its export ambitions
13 April 2026
Expensive electricity has forced out swathes of energy-intensive industry and now threatens the country’s ability to attract future investment in datacentres and the digital economy
13 April 2026
For GCC producers, the ceasefire may prove more destabilising than the war itself: exports remain constrained, and control over Hormuz has shifted in ways that could endure
