Analysis of Turkey's natural gas imports from 2013 to 2023 reveals variability with periods of growth and decline. Peak values occurred in 2021, with an annual import of 561.52 thousand GWh, followed by slight reduction in 2022, but rebounding to new heights in 2023 at 562.01 thousand GWh. Yearly changes show strong spikes and drops, with notable increases in 2014 and 2017, contrasted by declines in 2015, 2018, and 2019.
The most recent years saw a recovery, with a 2.58% year-on-year increase in 2023. The five-year Compound Annual Growth Rate (CAGR) from 2019 to 2023 stands at approximately 3.14%, indicating a modest upward trend over the short term.
Looking forward, forecasts for the years 2024 to 2028 predict a steady increase in natural gas imports, with a projected five-year CAGR of 1.83% and overall growth of 9.46% by 2028. This reflects sustained demand growth and potential infrastructure developments to support increasing import volumes.
Future trends to watch for include:
- Potential shifts in global natural gas markets affecting supply and pricing.
- Turkey's energy policies aimed at diversifying energy sources and enhancing energy security.
- Investments in renewable energy technologies potentially impacting future natural gas demand.
- Geopolitical developments influencing natural gas supply routes and partnerships.
