Saipem will get gas in Turkey, all the details
Saipem will be responsible for transporting and installing the pipelines at the Sakarya gas field in Turkey.
That the Glasgow Summit turned out to be a failure is absolutely evident. A very simple fact demonstrates the absolute emptiness and operational irrelevance of the promises made during this event: the state oil company Adnoc has announced that it intends to invest 6 billion dollars in drilling activities. In fact, the aim is to increase the production capacity of crude oil to bring it to about 5 million barrels per day by 2030.
Even more significant are the statements by Sultan bin Ahmed al-Jaber, Minister of Industry and CEO of ADNOC, for whom ADNOC's global investments demonstrate the will to expand production capacity to continue supplying barrels of oil to the world. decades to come.
WHAT SAIPEM WILL DO IN TURKEY
But our country is also proceeding in a similar direction. In fact, Saipem will transport and install the pipelines at the Turkish gas field of Sakarya, located in the Black Sea, for a total amount of over 600 million dollars, together with the contact assigned by Chevron Australia for the Jansz-lo Compression Project. the gas field located about 200 km off the north-west coast of Australia.
The presence of the Turkish field is of fundamental importance for Turkey. The discovery of a large deep-sea Sakarya gas field in the Turkish Economic Zone in the western part of the Black Sea Shelf in August 2020 gave Turkey a winning combination of cards, which could be further strengthened by further discoveries.
THE GOALS OF TURKEY ON GAS
For now, Turkey's two main objectives are to improve the conditions of gas import contracts and to bet on new discoveries that could increase its energy security.
Gas consumption in Turkey in 2020 was 48 billion cubic meters, almost all imported. Turkey receives gas pipeline from Russia via the Blue Stream and Turkish Stream gas pipelines across the Black Sea, from Azerbaijan via Georgia via the Transanatolic Pipeline (TANAP), from Iran, as well as liquefied natural gas (LNG) under long-term contracts from Qatar, Algeria and Nigeria and LNG on the spot market from the United States.
In 2021, several long-term import contracts for the supply of natural gas to Turkey will expire with a total volume of 18.3 billion cubic meters, which corresponds to 40% of Turkey's current consumption. Most of this is covered by contracts with the Turkish national gas company Botas: 6.6 billion cubic meters under an agreement with Azerbaijan SOCAR, 4 billion cubic meters with Russia's Gazprom Export, 2, 1 billion cubic meters of LNG supplies from Qatargas in Qatar and 1.3 billion cubic meters of supplies of G In addition, Gazprom Export's contracts with four Turkish private gas companies with a total volume of 4.3 billion cubic meters are about to expire.
And in 2025, Gazprom Export concluded a contract for the supply of gas through the Blue Stream pipeline with a volume of 16 billion cubic meters.
The goal officially announced by President Recep Tayyip Erdogan for the start of production in Sakarya is 2023, and it is undoubtedly linked to the celebration of the centenary of the establishment of the Turkish Republic.
Second, in the wake of the euphoria of the Sakarya discovery, Turkey plans to redouble its exploratory drilling efforts on the offshore platform in both its economic zone in the western Black Sea and in the eastern Mediterranean.
It goes without saying that there is a very strong competition, which we have already spoken extensively on these pages , for Turkey on the one hand and Cyprus, Israel and Egypt on the other, in relation to the recent discoveries of large gas fields such as Aphrodite, Leviathan and Zohr.
This is a machine translation from Italian language of a post published on Start Magazine at the URL https://www.startmag.it/energia/saipem-turchia-gas/ on Thu, 18 Nov 2021 07:36:02 +0000.