By Irina Mironova for Cedigaz
As Europe’s gas market recalibrates after three years of upheaval, Türkiye is positioning itself as both a physical and commercial hub. A combination of robust pipeline inflows, moderate LNG demand, and a steady expansion of trading and storage capacity supports Ankara’s ambition to anchor regional gas flows.
Irina Mironova for CEDIGAZ
TotalEnergies and its partners – Mitsui, ENH, Bharat Petroleum, Oil India, ONGC, and PTTEP – have lifted the four-year force majeure on the long-delayed Mozambique LNG project. The $20 billion onshore venture in Cabo Delgado province, suspended after the 2021 insurgent attack, returns to the spotlight as one of Africa’s most ambitious LNG developments.
Portfolio players have reshaped the LNG market. Their rise has accelerated project sanctioning, deepened liquidity, and blurred the traditional boundaries between sellers and buyers. Yet the balance of risk has shifted. While projects retain revenue certainty through take-or-pay (ToP) clauses, buyers (particularly portfolio traders), now carry the market-cycle exposure. Their flexibility is valuable in tight markets but becomes a liability in periods of oversupply.