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Qatar signs LNG deal with Turkey

Gas

Qatar has signed a deal with Turkey to supply the country with 1.2bn cu/m of LNG

According to officials, Turkey will import nine tankers of LNG from Qatar beginning at the end of this year or at the start of 2015.

Turkey’s energy minister Taner Yildiz said, “We are making our preparations for the winter. Though, it is little less than what we wanted.”

Sources said that Turkey last week received only about 30 per cent of its oil demand from Russia because of a drop in pressure in its western import line, creating fears that  the country will experience further cuts during its winter months.

Matthias Keuchel, head of gas operations at Enerjisa, warned that the Turkey’s daily gas demand during winter could rise to 215mn cu/m, with current infrastructure only capable of supplying 193mn cu/m.

In 2013, Qatar had raw gas reserves totaling 247 trillion cu/m — the third largest after Russia and Iran. Around 52.6 per cent of its gas production was allocated to LNG exports.

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