Iran is One of the Largest Gas Suppliers for Türkiye, Currently Supplying Gas to Türkiye

Energy Effects of Developments

Minister Bayraktar first met with Deputy Prime Minister Aleksander Novak within the scope of Russia contacts. Bayraktar, who made a post on his social media account about the meeting, said, "We evaluated the current projects between our countries, especially natural gas and nuclear energy, and new cooperation opportunities for the future. We held an efficient meeting in which we comprehensively discussed the effects of regional developments on energy markets," he said.

Uncertainties and Challenges

Minister Bayraktar, who attended the ministerial session held within the scope of the St. Petersburg International Economic Forum, made a speech here. Stating that they are facing a new war in the region where the pandemic, climate crisis, geopolitical problems and regional tensions have been experienced in the last 5 years, Bayraktar stated that the only thing that does not change is new uncertainties and difficulties.

Diversifying Energy Supply

Bayraktar said that a different approach to ensuring energy supply security is necessary to overcome these difficulties, he mentioned that diversifying energy supply is of critical importance here.

4 Fold Target in Wind and Sun

Bayraktar stated that they have invested in renewable energy for diversifying energy supply and a balanced energy portfolio, and that they have revealed the goal of quadling the installed power in the wind and sun in 2035, and that they have implemented the energy efficiency action plan covering all sectors.

20 Gigawatt Capacity

Reminding that they have built 4 reactors with a capacity of 4.8 gigawatts in Akkuyu, Mersin, with Rosatom, in the field of nuclear energy, Bayraktar stated that they aim to establish new power plants in Sinop and Thrace by 2050 and to reach a nuclear capacity of 20 gigawats with small modular reactors.

It Will Reach 40 Million Cubic Meters

Bayraktar mentioned that they changed their strategy in oil and natural gas with the National Energy and Mining Policy and said that they discovered a large natural gas reserve in the Black Sea in 2020 as a result. Bayraktar emphasized that they have produced enough natural gas to meet the needs of 4 million houses in the region called Sakarya Gas Field as of today, and stated that they will increase the production to 40 million cubic meters per day in 2028.

New Production Model

Underlining that they will implement a different production model in Diyarbakır and Thrace with conventional, that is, non-traditional methods in oil and natural gas, Bayraktar said, "I hope we will start the first drilling at the end of this year or at the beginning of next year with this new production model."

Green Corridor

Bayraktar said that they invest in electricity and natural gas infrastructure and try to increase their interconnection capacity with neighboring countries and reminded that they started the Green Electricity Transmission and Trade Project, where electricity will be transmitted to different geographies and traded with Georgia, Azerbaijan and Bulgaria.

It Will Reach 60 Billion Cubic Meters

Underlining that Iran is one of the largest gas suppliers for Türkiye, Bayraktar said, "It is currently supplying gas to Turkey. We aim and expect this gas supply to continue in the coming years and in the next 10 years. Because we need this gas. Our demand will most likely reach 60 billion cubic meters this year," he said.

Bayraktar held separate meetings with Tatneft Chief Executive Officer Nail Maganov and Gazprom CEO Aleksey Miller on the side of the forum.