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

    Octopus Energy and British Gas customers to see £134 savings next year

    Commodities

    Eos Energy’s Backlog Is Impressive – Its Valuation Even More So (NASDAQ:EOSE)

    Commodities

    Why Is Bloom Energy Stock Crashing This Week?

    Commodities

    Energy company spends 10 years chasing single mum for debt that isn’t even hers | News UK

    Commodities

    The Biggest Rock + Metal Stories of 2025 (In Case You Forgot)

    Commodities

    JSW Energy shares rise 5% after inking 400 MW Karnataka power agreement

    Commodities
    Leave A Reply Cancel Reply

    Top Picks
    Commodities

    Parametric agricultural insurer Pula registers collateralized reinsurance structure in Bermuda

    Stock Market

    Why Curaleaf Stock Was So Buzz-Worthy Today

    Cryptocurrency

    US President Trump pardons Binance founder Changpeng Zhao – BBC

    Editors Picks

    Nord Precious Metals Receives Advanced Application and Procedure for Recovery Permit

    June 2, 2025

    Watch Live: CEDI @ 60 International Currency Conference

    November 18, 2025

    Ireland international Megan Campbell announces her retirement from football – The Irish Times

    October 14, 2025

    Gold price slips below $3,300 on dollar recovery

    May 22, 2025
    What's Hot

    Russia’s businesses are testing digital assets, showing interest in crypto settlements, central bank governor says

    April 9, 2025

    PayPal Floats New Yield Offering to Boost PYUSD Adoption

    April 23, 2025

    I’m a property expert, 10 top tips for buying your first house

    March 28, 2025
    Our Picks

    Google expands ALU and AMED agricultural APIs to Southeast Asia and Japan

    October 24, 2025

    les crises internationales propulsent l’or à un niveau stratosphérique

    March 7, 2025

    Deluxe Enhances Board with Fintech Expert Angela Brown

    August 15, 2024
    Weekly Top

    Smart Investor: Dividend Stocks for December, How Divided is the Fed and Nvidia Buyers vs. Sellers

    December 13, 2025

    11 Outrageous Ways To Spend Money in Retirement

    December 13, 2025

    Ravindranath Yarlagadda emerges as fintech leader blending technology with social impact

    December 13, 2025
    Editor's Pick

    Institutional investment in property mkt likely to decline 37 pc to 3.06 bn in H1 this year JLL- The Week

    June 23, 2025

    Budget 2024 | Closing Bell: Sensex ends 73 pts lower as Budget fails to cheer bulls, Nifty below 24,500; Titan gains 7%, HUL 1%

    July 23, 2024

    HOUSE PRICES: UK property price update – by region

    September 13, 2025
    © 2025 Invest Intellect
    • Contact us
    • Privacy Policy
    • Terms and Conditions

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