Close Menu
Invest Intellect
    Facebook X (Twitter) Instagram
    Invest Intellect
    Facebook X (Twitter) Instagram Pinterest
    • Home
    • Commodities
    • Cryptocurrency
    • Fintech
    • Investments
    • Precious Metal
    • Property
    • Stock Market
    Invest Intellect
    Home»Commodities»Türkiye’s energy demand to triple over next 30 years: Minister
    Commodities

    Türkiye’s energy demand to triple over next 30 years: Minister

    September 9, 20253 Mins Read


    Türkiye’s energy demand is set to triple over the next three decades, Energy and Natural Resources Minister Alparslan Bayraktar said on Tuesday, stressing they are working to meet this increase through diversified energy sources, particularly renewable energy.

    “Today, we consume around 350 terawatt-hours of electricity. We expect this to rise to 1,000 terawatt-hours within the next 30 years,” Bayraktar told the opening ministerial panel of the Gastech 2025 forum in Milan, Italy.

    The minister highlighted electrification as a key priority and said Türkiye aims to meet rising consumption primarily through renewable energy.

    “We have ambitious renewable energy targets, planning to quadruple our installed renewable capacity by 2035. But we also need other sources of energy. We need natural gas, and we need nuclear power,” Bayraktar said.

    Türkiye is building a large-scale nuclear power plant and plans to install at least 5 gigawatts of small modular reactors (SMRs) over the next 30 years.

    It currently has around 36,000 MW of installed wind and solar capacity. To achieve the 2035 goal, the government plans to hold capacity allocation tenders of 2,000 MW each year.

    Türkiye has limited oil and natural gas resources and suffers from a high current account deficit due to vast energy imports. It has been incentivizing private sector investments in renewable power plants and has sought to develop domestic resources and expand international partnerships in oil and gas exploration.

    Its electricity consumption has tripled in the last two decades and is expected to increase even faster in the coming years due to the long-term energy transformation, which involves replacing fossil fuel energy with electricity.

    Bayraktar recalled Türkiye’s landmark natural gas discovery in the Black Sea five years ago.

    “Today, we are producing gas from this field, supplying 4 million households. But we need more, which is why we are ramping up production in the Black Sea,” he said.

    The Sakarya Gas Field is estimated to contain 710 billion cubic meters (bcm) of gas. The reserve was gradually discovered between 2020 and 2022. It will meet approximately 30% of the nation’s annual gas needs once the production reaches total capacity.

    In mid-May, Türkiye announced the discovery of a new reserve of 75 bcm in the Black Sea.

    Bayraktar added that Türkiye is also pursuing partnerships on different projects in Central Asia, Africa and the Middle East.

    Separately on Tuesday, Turkish state energy company BOTAŞ and BP signed a three-year liquefied natural gas (LNG) purchase agreement.

    Under the agreement, Türkiye will receive 1.6 billion cubic meters of LNG annually, Bayraktar said. He emphasized that this cooperation is particularly significant for ensuring supply security during winter months, enhancing source diversification and strengthening commercial flexibility.

    At the forum in Milan, Bayraktar underlined significant investment in gas infrastructure and said Türkiye aims to store 12 billion cubic meters of gas – equal to 20% of our annual demand – within the country.

    “We have also expanded our regasification capacity fivefold over the past seven to eight years. This allows us not only to strengthen our own energy security but also to deliver more gas to European markets through Türkiye,” Bayraktar said.

    The Daily Sabah Newsletter

    Keep up to date with what’s happening in Turkey,
    it’s region and the world.


    You can unsubscribe at any time. By signing up you are agreeing to our Terms of Use and Privacy Policy.
    This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.



    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

    Related Posts

    2 Nuclear Energy Stocks for Explosive Growth

    Commodities

    Metal Gear Solid series soars past 62.5m copies sold following release of Metal Gear Delta: Snake Eater

    Commodities

    ‘Full’ British Gas hack to lower your energy bills

    Commodities

    India Energy Week 2026 In Goa: Participation From Over 120 Nations Positions India as Bridge Between Developing and Developed Economies

    Commodities

    India Energy Week 2026: From Energy Security to Mobility, What India’s Flagship Energy Forum Offers the World?

    Commodities

    Warm Home Discount is extended beyond 2026: Here’s who is eligible for £150 energy bill discount

    Commodities
    Leave A Reply Cancel Reply

    Top Picks
    Cryptocurrency

    Top 3 Coins Under $0.10 To Stash For Major Nov’ Gains

    Precious Metal

    Gold, silver price today, July 15, 2024: Precious metals witness dip on MCX

    Investments

    India’s overseas direct investments in April-Jan FY25 exceed FY24 total by 15%

    Editors Picks

    3 energy firms confirm they will cut £150 off all customers’ bills

    December 18, 2025

    Top 3 Stocks, 2 ETFs

    August 14, 2024

    Silver Bullet lève 200 000 livres sterling grâce à des obligations convertibles

    May 9, 2025

    Metal Gear star David Hayter thinks Solid Snake is “misunderstood”: “What really draws me to him, and I think what subconsciously draws the audience to him, is his inability to turn away from anybody who needs help”

    September 8, 2025
    What's Hot

    Hong Kong rolls out policy statement, moves to nurture fintech

    October 29, 2024

    The Best Cryptocurrency Exchange for Successful Trading in 2025

    March 18, 2025

    Costco: Chasing Special Dividends And Overpriced Stocks May Not End Well (NASDAQ:COST)

    October 13, 2025
    Our Picks

    Nadira Hussain: Don’t waste LGR’s digital promise

    November 13, 2025

    Tenet Fintech Group Inc.: Tenet Updates Investor Presentation

    September 2, 2025

    Precious metals outlook brightens for 2026

    January 2, 2026
    Weekly Top

    ‘Full’ British Gas hack to lower your energy bills

    January 30, 2026

    India Energy Week 2026 In Goa: Participation From Over 120 Nations Positions India as Bridge Between Developing and Developed Economies

    January 30, 2026

    India Energy Week 2026: From Energy Security to Mobility, What India’s Flagship Energy Forum Offers the World?

    January 30, 2026
    Editor's Pick

    Farming inheritance tax plan ‘confusing and should be delayed’

    November 11, 2025

    El Bakkali After Silver in Tokyo

    September 15, 2025

    ISDA gives out AgriVision Awards to executives with Purdue, agriculture industry – Inside INdiana Business

    August 8, 2024
    © 2026 Invest Intellect
    • Contact us
    • Privacy Policy
    • Terms and Conditions

    Type above and press Enter to search. Press Esc to cancel.