Market brief : natural gas in Turkey

Turkey may soon become an important transit route to Europe for natural gas imported from the Caucasus, Iran, and other Middle Eastern countries. This market brief provided an overview of Turkey's natural gas market and industry, and examined investment and business opportunities for Canadian businesses. Consumption of natural gas in Turkey has grown by 14.8 per cent annually in the last decade. Transmission equipment expenditures total approximately $400 million annually. It is expected that the demand for environmental and engineering services for natural gas-related industries will grow by 15 per cent annually over the next decade. There are currently several opportunities for Canadian suppliers of equipment, engineering, and construction services. Turkey's expected full European Union (EU) membership will require Turkey to adopt EU environmental and emissions standards. Potential investors in Turkey require operating licences from Turkey's Energy Market Regulatory Authority (EMRA). All state procurement is by tender, while BOTAS, the state-owned gas company dominates both imports and the transmission of gas. Market entry considerations were also presented. 7 refs., 4 tabs., 2 figs