End of natural gas cuts in industrial areas: Botaş

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ANKARA

Turkey’s Petroleum Pipeline Corporation (Botaş) announced yesterday that natural gas cuts in industrial areas will end this morning.

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In a tweet, the national energy company thanked the manufacturers “for their understanding and cooperation in this period”.

On January 20, Iran halted the flow of natural gas to Turkey for 10 days due to technical failures on a key pipeline.

On the same day, Turkey’s natural gas consumption reached a daily record of 290 million cubic meters due to cold weather conditions.

Botaş reduced the flow of gas to industrial areas by 40% for 10 days, while the Ministry of Energy and Natural Resources also implied power cuts in factories for three days.

On January 31, Botaş announced that gas flow cuts would be reduced to 20%.

Tofaş, a joint venture of Turkey’s Koç Holding and European automaker Fiat Chrysler, was among the companies that suspended production. The Renault joint venture also announced that it would halt production at its factory in the province of Bursa, in the north-west of the country.

Households were not affected by power outages and gas supply restrictions.

As droughts have reduced the share of hydroelectric power plants in the country’s electricity production, almost half of the country’s electricity is produced in gas-fired power plants.

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Turkey depends on Iran for around 10% of its gas imports during the winter months.

The Energy Market Regulatory Authority (EPDK) estimated that the country’s natural gas consumption will reach 60.04 billion m3 this year, according to a decision published in the Official Gazette on January 28.

Currently, the daily gas flow to Turkey amounts to about 270 million cubic meters, of which the TurkStream and Blue Stream gas pipelines transmit 90 million cubic meters from Russia.

The Trans-Anatolian Gas Pipeline (TANAP) transports 17.3 million cubic meters of Azerbaijani gas daily, while a spot market agreement with Azerbaijan covers 7 million cubic meters.

The country’s underground gas storage facilities supply about 45 million m3.

The ministry secures remaining capacity through its liquefied natural gas (LNG) and floating LNG facilities.

Azerbaijan’s state-owned oil company, SOCAR, has agreed to import additional quantities of natural gas into Turkey this month.

In recent years, Turkey has imported about 45 billion cubic meters of natural gas per year, paying around $12 billion to pipeline suppliers Russia, Azerbaijan and Iran, as well as gas suppliers liquefied natural gas (LNG), including the United States, Morocco, Qatar and Nigeria.

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Meanwhile, Turkey’s Central Bank sold foreign currencies worth $4.1 billion last month, data showed yesterday. This amount was $6.1 billion in total in 2021.

BOTA,

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