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Natural Gas
-Turkey operates 5 LNG terminals, and 3 of them are FSRU terminals.
-Turkey's reliance on long-term contracts with Gazprom has been decreasing since 2019, replaced by spot LNG.
-Between 2022 and 2023, Turkey's pipeline gas imports decreased by 16%, and LNG imports increased by 26%.
-Turkey's natural gas export increased by 8bcm between 2022 and 2023.
-The production is expected to increase further due to natural gas
discovery in the Black Sea.
-Turkey plans to double its gas storage capacity between 2023 and 2028.
Renewable Energies
-Turkey is expected to rise from 12th rank to 10th rank in the world regarding renewable energy capacity by 2027.
-This will make Turkey the 4th largest renewable energy market in Europe.
-Between 2022-2027, Turkey expects to increase its renewable energy capacity by a whopping 64%
-Solar energy and wind power will have the lion's share in this increase with 49% and 24% respectively.
-Turkey also plans to fully utilize its hydroelectric potential and increase renewable energy's share in electricity production from 24% to 30%.
-After the US, Philippines and Indonesia, Turkey is the world's 4th largest country with geothermal power generation capacity.
Electricity
-Turkey is Europe's 6th-largest and the world's 14th-largest electricity market.
-Approximately 56% of Turkey’s electric power generation capacity consists of renewable energy. This makes Turkey the 5th generator of renewable energy in Europe and the 11th-largest globally.
-According to Turkey's 2020–2035 National Energy Plan, Turkey's power generation capacity will increase by a whopping 79% between 2023-2035.
-The share of renewable energy in electricity production will increase to 64%.
-Solar energy's share in electricity production will increase by 432%, and wind power's share will increase by 158%.
Nuclear Power
-Russian Rosatom is currently building Turkey's 1st nuclear plant.
-The 1st out of the 4 reactors being built is expected to finish by October 2024.
-Russian Rosatam and South Korean KEPCO have been interested in the second plant's construction since 2023.
-China is planning to build Turkey's 3rd nuclear plant.
-If this project comes true, it will be China's largest overseas investment so far.