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
15 May 2025
Financial problems, lack of exploration success and political dogma cause uncertainty across much of the region
14 May 2025
The invisible hand of the market has seen increasing transparency but much more needs to be done to build a better understanding
13 May 2025
A fall in Venezuelan output drives overall production lower, as Saudi Arabia starts to slowly bring more crude to the market
12 May 2025
With the gas industry’s staunchest advocates and opponents taking brutal blows, the sector looks like treading a path of insipid indifference
