ANKARA: Cold winter weather has forced Turkey to seek costly cargoes of liquefied natural gas (LNG) for December as power demand soars, traders and energy industry sources said yesterday.
Turkey has imported two extra LNG cargoes from the spot market following five it has already ordered from Qatar, the world’s largest LNG exporter.
One of the cargoes was purchased from Vitol at global market prices, a trader said, and was due to arrive in the western port of Aliaga on December 25.
“Obviously LNG cargoes are costlier than pipeline imports. But the timing of the tender as well as the prompt delivery meant Turkey had to pay a premium,” one LNG trader said.
Turkey depends on imports for almost all of its natural gas requirements.
reuters
