Surging Demand, Shrinking Supply: Gas Markets Ignite from Europe to Türkiye
Natural gas prices in Europe and the US have doubled over the past year due to surging global demand, supply constraints, and geopolitical tensions, with Türkiye feeling the strain acutely.
This has sparked rampant speculation and soaring prices, igniting the region’s most bullish natural gas market, with Türkiye already relying on imports for over 90% of its energy.
Increase in global LNG demand through 2040
Required by 2050 to meet global natural gas demand
Türkiye: The Ultimate Energy Bull Market in Europe
Türkiye stands as a pivotal player in global energy, with a population of 86 million driving its position as the world’s seventh-largest natural gas consumer.
Yet, this market is constrained by a critical reliance on imports, which account for over 98% of its natural gas supply, with 60% of its supply predominantly from Russia and Iran.
Turkiye's Natural Gas Dynamic
↑245%
change 2000-2023
98.4%
2023 total gas supply
1.6%
2023 total gas supply
This high dependency creates substantial opportunities for domestic producers, boosting cash flows, enhancing profitability, and fostering a favorable fiscal environment.
12.5%
Royalty Rate
25%
Corporate Tax Rate
Gas Price in March 2025
There is one company capitalizing on this potential, spearheading the development of one of the Black Sea's largest natural gas fields.
Trillion Energy International.
