Abstract
The main objective of the present study is to investigate Turkey's natural gas (NG) demand and supplies by giving the structure of the Turkish gas industry, NG pricing policy, and NG agreements. Turkey began to import NG from Russia in 1987 under a contract that provided for the delivery of 6 billion cubic meters annually (Bcma) for 25 years. The first contract, signed in 1988, stipulates delivery of 2 Bcma over a 20-yr period. The build-up of the Turkish gas market started by introducing gas in power generation in 1987 and in fertilizer production in 1988. Later contracts provide for total imports of 4 Bcma from the late 1990s. NG sales started at 0.5 Bcm in 1987 and reached to around 16 Bcm in 2001. Turkish NG demand is projected to increase extremely rapidly in coming years, with the prime consumers expected to be NG-fired electric power plants and industrial users.
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