Turkiye to Significantly Boost Natural Gas Storage Capacity

SEATTLE (Oil Monster):  Turkiye announced plans to make huge investments in order to strengthen its infrastructure and energy networks. In order to avoid potential risks associated with supply disruptions, the country plans to significantly boost its natural gas storage capacity. The expanded capacities will transform Turkiye into a significant energy hub in the region.

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Germany leads the European region in terms of natural gas storage capacity. The country has a storage capacity of 24 bcm, followed by Italy with 16 bcm. The investments are expected to make Turkey the third largest with a storage capacity of 14.4 bcm.

The two main Turkish storage facilities are the Silivri Underground Natural Gas Storage Facility with a capacity of 4.6 bcm and the Lake Tuz with a capacity of 1.2 bcm. The Energy and Natural Resources Minister Alparslan Bayraktar had recently announced plans to increase the capacity of the Silivri unit by additional 1 bcm to a total of 5.6 bcm. Also, the expansion works at the Lake Tuz unit will boost its capacity to 5.8 bcm over the next two to three years and to 8.8 bcm by 2028.

The expanded storage facilities will ensure contiguous domestic and regional gas supplies.

Incidentally, the Turkish natural gas consumption had recorded decline by 8% in 2023 to total 51.48 bcm.