Turkish gas storage and network infrastructure received a boost earlier this month when the World Bank approved a loan of $400mn for the country’s Gas Sector Development Project. The loan will help to cover the costs needed to operate a giant gas storage facility in caverns underneath the Tuz Golu salt lake in south central Turkey.
Upon completion, the facility will have a storage capacity of 1.42 bcm (around 50bn cu ft), of which two-thirds (0.96 bcm) will be usable “working gas” and the remaining 0.46 bcm “cushion gas,” required to remain in the cavern to maintain its integrity. (CONTINUED - 538 WORDS)
