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ARTICLE · 20 MARCH 2014

LNG Market In Turkey

The importance of LNG has come to the fore with discussions concerning the probable problems in natural gas import to the Europe due to the Crimean Crisis.

TurkeyEnergy and Natural Resources

Currently, the importance of the Liquefied Natural Gas ("LNG") has come to the fore with the discussions concerning the probable problems in natural gas import to the Europe due to the Crimean Crisis. According to the experts' opinion, the LNG import to the Europe may increase in the near future depending on the decrease of the natural gas import. In brief, the LNG plays an essential role as an energy resource.

LNG import in Turkey

LNG import has been enabled in Turkey within the frame of the amendment on the Natural Gas Law in 2008. As is known, the LNG is regarded as an alternative energy resource to the natural gas and provides advantages such as its harmfulness to the environment and ease of its handling and storage. LNG import has been regulated as a market activity by the Natural Gas Market License Regulation and Natural Gas Market Law. Accordingly, the import, storage and trade of the LNG is subject to specific licenses and permits. Pursuant to the Natural

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