Turkey natural gas investments to reach TL 2.8 bln by 2015

Turkey will invest around TL 2.8 billion in natural gas across the country over the next five years.

Turkey natural gas investments to reach TL 2.8 bln by 2015

World Bulletin / News Desk

Turkey will invest around TL 2.8 billion in natural gas across the country over the next five years.

According to data gathered by the Anatolia news agency, Turkey's investment in natural gas distribution across the country will peak this year, reaching an investment amount of TL 986.5 million, while the total investments in the same field will edge to TL 2.8 billion over the next five years. Currently, 60 regions in the country are receiving investments.

Moreover, according to Energy Market Regulatory Agency (EPDK) data, natural gas subscribers, the number of people or companies that have natural gas in their homes or businesses, will increase to approximately 1 million this year. The number of subscribers is expected to rise to 5.29 million by 2015.

Union of Natural Gas Distribution Companies (GAZBİR) President Mehmet Kazancı told Anatolia that they and the EPDK even receive requests for natural gas lines from villages. “The natural gas distribution sector has added TL 20 billion of value to our country. But the biggest investments in providing natural gas access to every part of Turkey will happen in the next five years,” Kazancı said.

In an earlier statement, EPDK President Hasan Köktaş noted that this year will see the highest increase in the number of natural gas subscribers since 1987, when Turkey first introduced natural gas in the country. “Industrialists, mayors and members of Parliament all receive requests from people throughout Turkey to expand the country's natural gas distribution network,” Kazancı added.

The head of GAZBİR said the stable price of natural gas is one of the reasons behind the rise in demand.

Last Mod: 23 Ocak 2011, 18:38
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