TURKEY NAMED WORLD’S SIXTH LARGEST TEXTILE EXPORTER

Turkey was named the sixth largest textile and confection exporter of the world by making around 4 percent of such exports globally in 2014, according to a note released by the Turkish Statistics Institute (TÜİK).

China topped the list with 41 percent, followed by India with 5.4 percent, Italy with 5.3 percent and Germany with 5 percent.

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GAS STORAGE FACILITY IN TURKEY TO COME ONLINE BY 2019

The gas storage facility under Lake Tuz in Central Anatolia will become fully operational by 2019, according to sources from the Energy Ministry.

Some 65 percent of the construction activities have already been completed and the first part of the project, which is composed of six storage units, will be opened by 2017, according to officials.

The project will be composed of 12 wells with the capacity of 1 billion cubic meters (bcm) of gas storage, and the drilling activities are being made for the last well. The capacity of the facility is planned to be increased in the coming years.

From each well, a total of 40 million cubic meters of gas can be pumped into the country’s gas network on a daily basis.

According to data from the Gas Infrastructure of Europe (GIE), around 25 bcm of gas storage capacity will come online in the next decade across Europe. Some 4 percent of this new capacity will be supplied through the Lake Tuz facility.