Turkey Seeks Partnership With Qatar to Build Third LNG Terminal

Turkey is seeking investment from Qatar to build the country’s third liquid natural-gas terminal, which may be located close to the country’s borders with Greece and Bulgaria, Turkish Energy Minister Taner Yildiz said.

“It will help meet the needs of Greece and Bulgaria and reduce shipments through the straits” of the Bosporus and the Dardanelles, Yildiz told reporters today while flying to Algeria. The terminal would handle at least 5 billion to 6 billion cubic meters, he said.

Qatar, the world’s biggest LNG producer, may carry out a feasibility study for the project and private Turkish companies will probably be involved in its development, according to the minister.

“There are companies that already have licenses and there are some new companies that may also apply for licenses” to build and operate LNG terminals, Yildiz said. “If there is no interest, Turkey is ready to do it.”

The subject will be discussed for the first time during a visit to Qatar on Jan. 7, he said.

Before it's here, it's on the Bloomberg Terminal.