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Turkey licenses two new underground gas storage projects

Istanbul (Platts)--14 Apr 2014 1052 am EDT/1452 GMT


Turkey's energy regulator EPDK has awarded gas storage licenses to two companies developing underground gas storage projects at Tarsus close to Turkey's east Mediterranean coast, an EPDK spokesman said Monday.

The spokesman named the two companies as Gaz Depo Dogalgaz Depolama and Toren Dogalgaz Depolama ve Madencilik, both subsidiaries of Turkish energy group Bendis Enerji Uretim Madencilik Danismanlik.

The two will have a total storage capacity of 5.2 billion cubic meters and cost around $3 billion to develop, but he was unable to give details of the individual projects or the type of underground facility to be developed.

Officials from Bendis Enerji were unavailable for comment.

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Turkey's current gas storage capacity is well below the level of being able to hold 10% of annual gas consumption as required by Turkish gas law. Turkey's gas demand reached 47 billion cu m last year and is expected to reach 80 billion cu m/year by 2030.

Turkey currently only has one underground gas storage facility, the Kuzey Marmara facility, created in two depleted gas fields under the sea of Marmara and Turkey's European province of Thrace. The facility was developed and is operated by state upstream operator TPAO with a total capacity of 2.6 billion cu m, which the company plans to expand to 4.29 billion cu m.

Turkey's state gas importer Botas is developing a 1 million cu m capacity underground storage facility in the Tuz Golu salt pan in west-central Turkey.

--David O'Byrne, newsdesk@platts.com
--Edited by Jason Lindquist, jason.lindquist@platts.com

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