(MENAFN) According to the latest report from the Turkish Energy Market Regulatory Authority (EMRA), Turkey’s liquefied petroleum gas (LPG) production decreased by 20.9 percent year on year in January, totaling 58,317 tons. This decrease in production can be attributed to various factors, including the ongoing Covid-19 pandemic, which has affected industries worldwide.
The EMRA report also shows that LPG imports to Turkey increased significantly by 124.9 percent in January, reaching 336,655 tons. The country imported LPG from several countries, including Algeria, the United States, Russia, Kazakhstan, Romania, and Nigeria. This increase in imports suggests that Turkey is compensating for the decline in domestic production by importing from other countries.
On the other hand, Turkey’s LPG exports increased by an impressive 120.3 percent to 45,630 tons in the same month. The top five countries that received LPG exports from Turkey were Lebanon, Switzerland, the Seychelles, Romania, Bulgaria, the Turkish Republic of Northern Cyprus, and Ukraine. This indicates that Turkey is still a significant player in the global LPG market, despite the decrease in domestic production.
Overall, total LPG sales in Turkey reached 362,263 million tons in January. Autogas sales accounted for the majority of sales, making up 72.01 percent, followed by bulk LPG at 14.37 percent, and bottled LPG at 13.62% percent. The EMRA report highlights the importance of LPG as a fuel source in Turkey, particularly in the transportation sector, where autogas is widely used.
In conclusion, while Turkey’s domestic LPG production decreased in January, the country compensated for this by increasing LPG imports and exports. The report suggests that LPG remains a crucial fuel source in Turkey, particularly in the transportation sector, and the country's strategic position as a hub between Europe and Asia makes it a significant player in the global LPG market.
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