TANAP, TurkStream projects to de­velop Tur­key’s spot nat­u­ral gas mar­ket

Daily Sabah (Turkey) - - Money -

JAN Haiz­mann, mem­ber of the board of di­rec­tors for the Euro­pean Fed­er­a­tion of En­ergy Traders (EFET) and head of the EFET’s EU Li­ai­son Of­fice, said yes­ter­day that the spot gas mar­ket, which is un­der­go­ing test­ing process within the scope of En­ergy Ex­change Is­tan­bul (EX­IST), is an im­por­tant sec­toral move.

Haiz­man in­di­cated that projects such as the Trans-Ana­to­lian Nat­u­ral Gas Pipe­line (TANAP) and TurkStream will help the newly es­tab­lished spot nat­u­ral gas mar­ket in Tur­key de­velop and pro­pel Tur­key to be­come a gas trad­ing cen­ter in the re­gion.

He said the in­ter­na­tional nat­u­ral gas projects to be re­al­ized in the fu­ture will change and im­prove Tur­key’s po­si­tion.

Not­ing that the spot nat­u­ral gas mar­ket, which will be op­er­a­tional within EX­IST’s struc­ture, will cre­ate a fa­vor­able en­vi­ron­ment in terms of form­ing and bal­anc­ing the prices in Tur­key and in the re­gion, Haiz­mann stressed that in or­der to en­sure this, the po­si­tion of BOTAŞ’s mar­ket needs to clar­ify pri­mar­ily.

Haiz­mann pointed out that BOTAŞ’s im­port and trade side should be sep­a­rated for mar­ket re­form. “It is a must. Hence, the good news is that the spot gas mar­ket sys­tem is open­ing up, but with­out this sep­a­ra­tion, it will have a lim­ited im­pact on the mar­ket,” he con­tin­ued, adding that in or­der for the mar­ket to work ef­fec­tively, the sys­tem that im­ports and sup­plies gas in­de­pen­dent from BOTAŞ should be ex­panded.

Haiz­mann said the spot gas mar­ket is an im­por­tant step for Tur­key to be­come a re­gional gas cen­ter, but that this sit­u­a­tion will be fur­ther clar­i­fied with the in­tro­duc­tion of the real com­mod­ity trad­ing in the mar­ket.

Haiz­mann noted that Tur­key can trans­form it­self from a nat­u­ral gas im­porter into a coun­try that ex­ports nat­u­ral gas in the com­ing pe­riod. Sug­gest­ing that the new gas re­sources that will come to Tur­key in the com­ing years could place the coun­try in a com­pletely dif­fer­ent po­si­tion, Haiz­mann said Tur­key is a coun­try that is mainly based on bi­lat­eral agree­ments and pur­chases of Rus­sian gas, adding that the diver­sity of sources have be­gun to in­crease dra­mat­i­cally in re­cent years. “New liq­ue­fied nat­u­ral gas ter­mi­nals, new ca­pac­ity works and in­creas­ing the amount of gas stor­age are very pos­i­tive de­vel­op­ments for con­sumers in Tur­key,” Haiz­mann said. “Projects such as TANAP and TurkStream will help the newly es­tab­lished spot nat­u­ral gas mar­ket in Tur­key de­velop and Tur­key to be­come a gas trad­ing cen­ter in its re­gion. These projects re­veal Tur­key’s po­ten­tial to be­come a bridge in nat­u­ral gas.”

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