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Turkey receives first US LNG via spot markets in Jan.

Turkey receives first US LNG via spot markets in Jan.
Turkey imports its first natural gas as LNG from USA via spot markets in Jan. 2016, says Turkey's watchdog report

Turkey imported its first natural gas as LNG from the U.S. in January 2016, according to the Energy Marketing Regulatory Authority (EMRA).

The imported quantity amounted to 83 million cubic meters (mcm), EMRA'S Natural Gas Sector Report for January 2016 said.

In January 2016, Turkey recorded a historic high in its natural gas consumption and imports.Turkey's natural gas consumption increased to 5.78 billion cubic meters (bcm) while natural gas imports rose to 5.39 bcm for January.

According to the EMRA's report, the amount of LNG imported from the U.S. is 7.15 percent of Turkey's total LNG imports for January at 1.16 bcm. Out of the total of natural gas imports for January, the U.S. represents 1.54 percent of Turkey's total natural gas imports of 5.39 bcm.

- U.S. gas imported from spot LNG market

Turkey imports natural gas via bilateral international agreements or through spot markets. Turkey's total LNG imports from spot markets were 520 mcm of natural gas in January.

In addition to the U.S. Qatar also exported LNG to Turkey through spot markets in January 2016. Turkey imported 468 mcm of gas from Algeria and 171 mcm from Nigeria in January as per each respective bilateral agreement with Turkey.

The U.S.' export of LNG to Turkey marks a first in history and reflects the U.S.' wish to become a major LNG exporter. Since the country's recent shale gas revolution, it began its natural gas exportation at the beginning of 2016.

According to EMRA's January report, Turkey's total natural gas import increased by 396 mcm natural gas compared to January 2015 out of which 240 mcm of this rise was met from LNG imports.

Turkey' annual natural gas imports were around 50 bcm in 2014, according to EMRA's annual natural gas report in 2014.

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