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Turkey poised to become LNG bunkering hub with new tri-party agreement

- Tri-party agreement will help Turkey become bunkering hub for LNG supplies in Eastern Mediterranean, says BOTAS official

home > Lng/Lpg, Invesments, Turkey, Asia, General 08.09.2021 10:38 Murat Temizer

Turkey poised to become LNG bunkering hub with new tri-party agreement

Turkey is on its way to becoming a key hub for LNG supplies with cooperation from Turkey’s largest public institution in the areas of energy, trade, transportation and storage, BOTAS, along with Arkas Bunkering and Sumitomo Corporation, according to Turkey's BOTAS on Wednesday.

A confidentiality agreement signed between BOTAS, which aims to become the most environmentally-friendly public institution in Turkey, Arkas Bunkering, a subsidiary of Arkas Holding and an established maritime transportation company in Turkey, and Sumitomo Corporation, one of the largest holdings in Japan, will see the parties agree on cooperating on the use of LNG - the fuel of the future - as bunker fuel for sea-going vessels.

According to BOTAS, LNG has the potential to become the most preferred bunker fuel of the future not only because it is more eco-friendly compared to conventional marine fuels but also due to its low cost.

In a written statement, BOTAS said new regulations from the International Maritime Organization (IMO), which necessitates the reduction of emission rates of marine fuels, make the signed tri-party agreement even more crucial.

'The adoption of LNG is of great importance since it represents an almost 25% reduction in carbon dioxide, a 99% reduction in sulfur, and an 85% reduction in nitrogen oxide emissions,” BOTAS said.

According to IMO estimations, carbon dioxide emissions will drop by 40% in 2030 and by 70% in 2050, while the number of LNG-powered vessels and LNG bunkering stations is expected to increase significantly.

The tri-party agreement will ensure that Turkey retains its role as one of the largest fuel supply hubs in the East Mediterranean while also promoting LNG as a bunker fuel.

BOTAS explained that the number of bunkering vessels, which are used in providing LNG bunkering services, particularly in Europe’s main terminals such as Rotterdam and Barcelona, is increasing day by day.

From 2019 to 2020 the number of LNG bunkering vessels doubled to 12 and the number of vessels on order has increased to 27.

'The introduction of the first LNG Bunkering service in our country and the establishment of an 'LNG Bunkering Hub' in line with our policy that supports the use of more eco-friendly bunker fuels in seas are great new steps for BOTAS, which is a pioneer in introducing new practices, and for our country,' said Burhan Ozcan, general manager of BOTAS.

Seckin Gul, general manager of Arkas Bunkering said the company is providing bunkering services with experienced staff and the brand trust of 'Arkas', a leading maritime company in Turkey with a strong vessel fleet, by following a business approach that does not compromise on quality.

'Making sustainable policies and investing in the field of energy is a very important issue for Arkas Bunkering in terms of adding value to our country and our customers. For this purpose, we have already started to make preparations for the supply of LNG as bunker fuel in Turkey. Thanks to this tri-party agreement, Turkey will become a bunkering hub for LNG supply in the Eastern Mediterranean,' Gul said.

Yukio Kanazawa, vice-chairman of Sumitomo Corporation Turkey added that Sumitomo Corporation, an experienced and global trading company in Asia and North America, is committed to becoming carbon neutral by 2050.

'With our strong and experienced Turkish business partners, we would like to contribute to the reduction of greenhouse gas emissions and the creation of an LNG bunkering hub in Turkey,' Kanazawa said.

By Murat Temizer

Anadolu Agency

energy@aa.com.tr




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LNG terminals key for hydrogen, says Gas Infrastructure Europe

- Gas infrastructure will be key for cleaner world, says Deputy Secretary General of GIE
03.11.2021 Lng/Lpg , Invesments , General

Russian gas supplies to Europe fail to meet demand expectations

- LNG production has suffered from unplanned outages and upstream issues, says expert
02.11.2021 Natural Gas , Lng/Lpg , Turkey , Europe , Eurasia , General

Europe's dependence on one energy source is major problem, expert says

- 'We talk about renewables and energy transition but we are not ready yet,' says Axpo official
02.11.2021 Lng/Lpg , Energy Diplomacy , Europe , Eurasia , General

Turkey's liquefied petroleum gas imports up 0.4% in August

- LPG production decreases year-on-year 8.9% to 85,495 tonnes, according to Turkey's energy watchdog
28.10.2021 Lng/Lpg , Turkey

Algerian LNG vessel to arrive in Turkey on Oct. 29

- Vessel is expected to reach its destination at the Aliaga LNG terminal at 08.00 local time
27.10.2021 Lng/Lpg , Turkey , General

Algerian LNG vessel to arrive in Turkey on Oct. 23

- Vessel is sailing under flag of Bahamas
21.10.2021 Natural Gas , Lng/Lpg , Turkey , General

Qatar changes state-owned energy company’s name to ‘QatarEnergy’

- Move reflects country’s views on energy efficiency, Qatari energy minister says
13.10.2021 Oil , Lng/Lpg , World , Middle East-Africa

Natural gas market in temporary imbalance: Gas exporters forum

- Currently, global markets are simmering with concerns about winter natural gas prices, says GECF Secretary-General
11.10.2021 Natural Gas , Lng/Lpg , Energy Diplomacy , Europe , Eurasia , Americas , General

bp, NYK Line join forces to decarbonize shipping and heavy industry

- Switching to less carbon-intensive fuels is critical in enabling shipping industry to meet long-term decarbonization ambitions
16.09.2021 Lng/Lpg , Transportation/Fuel Oil , Europe

Turkey poised to become LNG bunkering hub with new tri-party agreement

- Tri-party agreement will help Turkey become bunkering hub for LNG supplies in Eastern Mediterranean, says BOTAS official
09.09.2021 Lng/Lpg , Invesments , Turkey , Asia , General

Algerian LNG vessel to arrive in Turkey on Sept. 10

- Vessel is sailing under flag of Bahamas
06.09.2021 Natural Gas , Lng/Lpg , Turkey , General

Turkey's LNG imports see dramatic fall as prices soar globally

- Share of LNG in total gas imports down 20% in first half of year from 45.7% level in same period of 2020
07.09.2021 Lng/Lpg , Turkey

Flame gas and LNG energy congress to be held in Amsterdam in November

- Gas demand updates, European supplies, Russian gas, LNG, the hydrogen economy and storage will be topics on table
04.09.2021 Natural Gas , Lng/Lpg , Europe , General

Venture Global, PGNiG finalize expansion of LNG partnership

- Access to American LNG gives opportunity to develop trade on global market, says Polish official
02.09.2021 Lng/Lpg , Europe , General

Algerian LNG vessel arrives in Turkey on August 30

- Tessala vessel reaches destination in Turkey on Monday
31.08.2021 Lng/Lpg , Turkey , General

Turkey's liquefied petroleum gas imports down 1.5% in June

- LPG production increases year-on-year by 110.4% to 95,376 tonnes, according to Turkey's energy watchdog
27.08.2021 Lng/Lpg , Turkey

Algerian LNG vessel arrives in Turkey

- Ougarta vessel reaches destination at Turkey's Aliaga LNG terminal on Wednesday
25.08.2021 Lng/Lpg , Turkey , General

Algerian LNG vessel to arrive in Turkey on August 25

- Vessel is expected to reach its destination at the Aliaga LNG terminal at 08.00 local time
23.08.2021 Lng/Lpg , Turkey , General

Nigerian LNG vessel arrives in Turkey

- LNG Abuja II vessel reaches destination at Turkey's Marmara Ereglisi LNG terminal on Monday
24.08.2021 Lng/Lpg , Turkey , General

Spot market natural gas prices for Wednesday, August 18

- 1,000 cubic meters of natural gas on spot market costs 2,180 Turkish liras
19.08.2021 Natural Gas , Lng/Lpg

Algerian LNG vessel to arrive in Turkey on August 13

- Vessel is expected to reach its destination at Marmara Ereglisi LNG terminal at 07.00 local time
14.08.2021 Lng/Lpg , Turkey , General

Turkey's liquefied petroleum gas imports up 12.2% in May

- LPG production increases year-on-year by 29.8% to 87,154 tonnes, according to Turkey's energy watchdog
30.07.2021 Lng/Lpg , Turkey

Spot market natural gas prices for Friday, July 16

- 1,000 cubic meters of natural gas on spot market costs 2,092 Turkish liras
19.07.2021 Natural Gas , Lng/Lpg , Stock Market , Turkey

Algerian LNG vessel arrives in Turkey

- Lalla Fatma N'Soumer vessel reaches destination at Turkey's Aliaga LNG terminal on Friday
12.07.2021 Lng/Lpg , Turkey , General

Algerian LNG vessel to arrive in Turkey on July 9

- Vessel is sailing under flag of Bahamas
07.07.2021 Lng/Lpg , Turkey , General

Spot market natural gas prices for Thursday, July 1

- 1,000 cubic meters of natural gas on spot market costs 2,105 Turkish liras
02.07.2021 Shale/Unconventional , Lng/Lpg , Stock Market

Turkey's LPG imports up 23.7% in April

- LPG production increases year-on-year by 35.3% to 83,772 tonnes, according to Turkey's energy watchdog
30.06.2021 Lng/Lpg , Turkey

Algerian LNG vessel arrives in Turkey on June 28

- Berge Arzew vessel reaches destination in Turkey on Monday
28.06.2021 Lng/Lpg , Turkey , General

Turkey's first publicly-owned FSRU project inaugurated

- Ertugrul Gazi vessel will be able to meet 8.2% of daily natural gas capacity supplied to the grid system
27.06.2021 Electricity , Lng/Lpg , Energy Diplomacy , Energy Security , International Organization , Energy Projects , Turkey

Norwegian LNG vessel to arrive in Turkey on June 28

- Vessel is sailing under flag of Bahamas
25.06.2021 Lng/Lpg , Turkey , General

LNG sector faces delays to 26 export terminal projects globally

- Capacity of projects facing delays totals 265 million tonnes per annum
25.06.2021 Lng/Lpg , Invesments

Spot market natural gas prices for Sunday, June 20

- 1,000 cubic meters of natural gas on spot market costs 1,786 Turkish liras
21.06.2021 Natural Gas , Lng/Lpg , Stock Market

Algerian LNG vessel arrives in Turkey

- Ougarta vessel reaches destination at Turkey's Marmara Ereglisi LNG terminal on Wednesday
17.06.2021 Lng/Lpg , Turkey , General

Algerian LNG vessel to arrive in Turkey on June 16

- Vessel is expected to reach its destination at the Marmara Ereglisi LNG terminal at 05.00 local time
15.06.2021 Lng/Lpg , Turkey , Middle East-Africa , General

Black Sea gas discovery to strengthen Turkey's hand: expert

- Turkey's discovery should allow lower imports prices from Russia because of better negotiation position, says Oxford expert
13.06.2021 Natural Gas , Oil , Lng/Lpg , Energy Diplomacy , International Organization , Energy Projects , Turkey

Spot market natural gas prices for Tuesday, June 8

- 1,000 cubic meters of natural gas on spot market costs 1,772 Turkish liras
09.06.2021 Natural Gas , Lng/Lpg

BP, Pavilion Energy ink deal for LNG supply to Singapore

- Companies will cooperate to create greenhouse gas quantification and reporting system along with supplying LNG to Singapore
10.06.2021 Lng/Lpg , World , Asia

Norwegian LNG vessel to arrive in Turkey on June 11

- Vessel is sailing under flag of Bahamas
08.06.2021 Lng/Lpg , Turkey , Europe , General

Spot market natural gas prices for Sunday, June 6

- 1,000 cubic meters of natural gas on spot market costs 1,783 Turkish liras
07.06.2021 Natural Gas , Lng/Lpg

Asia drives LNG demand, Africa shows potential as key export region

- African countries have a total of 103.9 million ton per annum liquification capacity
04.06.2021 Natural Gas , Lng/Lpg

Algerian LNG vessel to arrive in Turkey on June 3

- Vessel is expected to reach its destination at the Aliaga LNG terminal at 08.00 local time
01.06.2021 Lng/Lpg , Turkey , General

Turkey's LPG imports up 24.03% in March

- LPG production decreases year-on-year by 23.09% to 73,112 tonnes, according to Turkey's energy watchdog
28.05.2021 Lng/Lpg , Turkey

Algerian LNG vessel arrives in Turkey

- Ougarta vessel reaches destination at Turkey's Marmara Ereglisi LNG terminal on Sunday
24.05.2021 Lng/Lpg , Turkey , General

Algerian LNG vessel arrives in Turkey on May 1

- Tessala vessel reaches destination in Turkey on Saturday
03.05.2021 Lng/Lpg , Turkey , General

Spot market natural gas prices for Saturday, May 1

- 1,000 cubic meters of natural gas on spot market costs 1,694 Turkish liras
03.05.2021 Natural Gas , Lng/Lpg , Turkey

Turkey ranks 3rd worldwide with LNG import rises in '20

- Turkey imports 1.3 million tonnes more LNG in 2020 than previous year
30.04.2021 Lng/Lpg , Turkey , Europe , Americas , General

All LNG of Arctic LNG-2 sold for next 20 yrs: Novatek

- LNG sales from Arctic LNG 2’s first liquefaction train is due to commence in 2023
29.04.2021 Finance , Lng/Lpg , Eurasia , General

Global LNG trade rises 0.4% in 2020 despite Covid-19

- LNG trade has proven resilient, increasingly diverse and global despite challenges imposed by Covid-19 pandemic
30.04.2021 Lng/Lpg , Energy Diplomacy , Turkey , Europe , Asia , General

Turkey's LPG imports down 17.31% in February

- LPG production decreases year-on-year by 33.65% to 59,419 tonnes, according to Turkey's energy watchdog
29.04.2021 Lng/Lpg , Turkey

Global LNG tanker fleet grows in 2020

- Forty new LNG fleet orders were placed across globe, including seven FSRUs and two vessels of less than 50,000 cubic meters
28.04.2021 Lng/Lpg , General

Nigerian LNG vessel arrives in Turkey on Apr. 26

- LNG Abalamabie vessel reaches destination in Turkey on Monday
27.04.2021 Lng/Lpg , Turkey , General

Algerian LNG vessel to arrive in Turkey on May 1

- Vessel is expected to reach its destination at Marmara Ereglisi LNG terminal at 07.00 local time
27.04.2021 Lng/Lpg , Turkey , General

Turkey's 1st FSRU vessel arrives in Dortyol: Minister

- Vessel has LNG storage capacity of 170 thousand cubic meters
23.04.2021 Lng/Lpg , Turkey , General

Algerian LNG vessel to arrive in Turkey on April 23

- Vessel is sailing under flag of Bahamas
23.04.2021 Lng/Lpg , Turkey , General

Asia to drive LNG demand with US leading supply growth

- Global natural gas demand is expected to rise by 3.2% in 2021 by offsetting last year's losses due to pandemic
21.04.2021 Lng/Lpg , Asia , Americas

Nigerian LNG vessel to arrive in Turkey on April 26

- Vessel is sailing under Bermuda flag
19.04.2021 Lng/Lpg , Turkey , Middle East-Africa , General

US LNG market share is no big threat to Russia: expert

- Russian gas can always undercut US LNG on price, while Europe demands more imports, says Mills
20.04.2021 Natural Gas , Lng/Lpg , Eurasia , Americas , General

LNG, Russian gas competition to continue in EU: Experts

- When Asian LNG exceed prices in Europe, exporters will reorient supplies to Asia, leaving Europe more dependent on Russia
16.04.2021 Lng/Lpg , Energy Diplomacy , Europe , Eurasia , Americas , General

Nigerian LNG vessel arrives in Turkey on April 12

- LNG Bonny II vessel reaches its destination in Turkey on Monday
13.04.2021 Lng/Lpg , Turkey , General
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