Turkey to Import 10 bln Cubic Meters of Natural Gas from Iran

TEHRAN (Tasnim) – Turkey announced on Friday that in 2015 it will import 10 billion cubic meters (bcm) of natural gas, around one-fifth of the country's total gas imports, from neighboring Iran.

Turkey to Import 10 bln Cubic Meters of Natural Gas from Iran

Turkey's natural gas imports for 2015 are projected to reach 52.2 bcm, an increase of 9.6 percent compared to last year, according to the country's Ministry of Energy and Natural Resources.

Turkish news website Daily Sabah reported that Ankara will import one-fifth of its gas from Iran, and the rest from Russia, the Republic of Azerbaijan, Algeria, and Nigeria.

Gas consumption has been increasing continuously in Turkey because of the country's developing economy and industry and its population growth.

Turkey uses most of its natural gas for its electric power sector, which accounts for nearly half of the country's natural gas consumption. The industrial and residential sectors each account for approximately 20 percent.

Iran and Turkey have plans to hike up the volume of their trade exchange to $30 billion by 2015.

Earlier this month, Iran’s minister of communications and Turkey’s minister of development explored avenues for strengthening economic relations between Tehran and Ankara.

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