ANKARA: Turkey’s economy ministry is to offer up to $10 billion in incentives for the development of a new gas storage facility to be constructed near the provinces of Mersin and Hatay on Turkey’s east Mediterranean coast, the semi-official Anatolia news agency reported late Wednesday.
Anatolia quoted economy minister Nihat Zeybekci as stating that the new storage facility was intended to stabilize Turkey’s gas supply security.
Zeybekci gave few details of the planned project beyond that it would be with a foreign partner, but did not make it clear whether the foreign partner would develop the facility alone or in partnership with a Turkish entity such as state oil company Turk Petrol which operates Turkey’s only current gas storage facility or Botas which is developing the country’s second such facility.
