Daily Sabah logo

Politics
Diplomacy Legislation War On Terror EU Affairs Elections News Analysis
TÜRKİYE
Istanbul Education Investigations Minorities Expat Corner Diaspora
World
Mid-East Europe Americas Asia Pacific Africa Syrian Crisis Islamophobia
Business
Automotive Economy Energy Finance Tourism Tech Defense Transportation News Analysis
Lifestyle
Health Environment Travel Food Fashion Science Religion History Feature Expat Corner
Arts
Cinema Music Events Portrait Reviews Performing Arts
Sports
Football Basketball Motorsports Tennis
Opinion
Columns Op-Ed Reader's Corner Editorial
PHOTO GALLERY
JOBS ABOUT US RSS PRIVACY CONTACT US
© Turkuvaz Haberleşme ve Yayıncılık 2023

Daily Sabah logo

عربي
  • Politics
    • Diplomacy
    • Legislation
    • War On Terror
    • EU Affairs
    • Elections
    • News Analysis
  • TÜRKİYE
    • Istanbul
    • Education
    • Investigations
    • Minorities
    • Expat Corner
    • Diaspora
  • World
    • Mid-East
    • Europe
    • Americas
    • Asia Pacific
    • Africa
    • Syrian Crisis
    • Islamophobia
  • Business
    • Automotive
    • Economy
    • Energy
    • Finance
    • Tourism
    • Tech
    • Defense
    • Transportation
    • News Analysis
  • Lifestyle
    • Health
    • Environment
    • Travel
    • Food
    • Fashion
    • Science
    • Religion
    • History
    • Feature
    • Expat Corner
  • Arts
    • Cinema
    • Music
    • Events
    • Portrait
    • Reviews
    • Performing Arts
  • Sports
    • Football
    • Basketball
    • Motorsports
    • Tennis
  • Gallery
  • Opinion
    • Columns
    • Op-Ed
    • Reader's Corner
    • Editorial
  • TV
  • Business
  • Automotive
  • Economy
  • Energy
  • Finance
  • Tourism
  • Tech
  • Defense
  • Transportation
  • News Analysis

Gas deal with Russia may be renewed with higher amount: Turkey

by DAILY SABAH WITH AGENCIES

ISTANBUL Nov 04, 2021 - 3:03 pm GMT+3
A worker walks by an air gas cooling unit at the Russkaya Compressor Station of the TurkStream gas pipeline, Anapa district, Krasnodar, southern Russia, Oct. 22, 2021. (Reuters Photo)
A worker walks by an air gas cooling unit at the Russkaya Compressor Station of the TurkStream gas pipeline, Anapa district, Krasnodar, southern Russia, Oct. 22, 2021. (Reuters Photo)
by DAILY SABAH WITH AGENCIES Nov 04, 2021 3:03 pm
RECOMMENDED
A fire burns among toppled containers at the LimakPort Iskenderun International Port following an earthquake, southern Türkiye, Jan. 6, 2023. (AA Photo)

Deadly quake damages Türkiye's energy infrastructure, major port

earthquake

Energy and Natural Resources Minister Fatih Dönmez on Thursday said Turkey may renew a natural gas deal with Russia with an increased amount from the beginning of the following year.

An agreement on the deal, which expires at the end of this year, has largely been reached with Russia, Dönmez told Turkey 2023 Summit, organized by Turkuvaz Media Group’s Sabah daily and broadcaster A Para.

His remarks come as Turkey is bracing for record natural gas demand this year, which has pushed it to rev up efforts to renew long-term contracts expiring this winter.

It had four long-term import contracts expiring this year totaling 16 billion cubic meters (bcm) annually.

Turkey last month announced it had sealed a three-year, 11 bcm natural gas accord with Azerbaijan.

It still has three natural gas contracts to roll over – two for state and private sector imports via pipelines from Russia’s Gazprom of 4 bcm each, which expire at the end of this year, and 1.3 bcm of Nigerian liquefied natural gas (LNG), which elapsed last month.

“We have signed a new contract with Azerbaijan. There was a contract with Russia and Gazprom that will end at the end of the year, those contracts will be renewed a certain increase in the amount,” Dönmez said.

“If suppliers comply with the shipment, there will be no shortage of gas and electricity this winter.”

Local consumption is expected to hit a record 60 bcm this year, almost a fifth higher than earlier estimates, as drought this year curtailed hydroelectric power, putting idled gas power plants back in use.

It marks a noteworthy rise from 45 bcm to 50 bcm that the country consumes each year and for which it pays between $12 billion and $15 billion (TL 146 billion). Turkey imported 48.1 bcm of gas last year, 6% up from a year before, a third of which came from Russia.

Gazprom on Monday said its natural gas exports to Turkey soared by 110.4% year-on-year from January through October of this year.

RECOMMENDED
A fire burns among toppled containers at the LimakPort Iskenderun International Port following an earthquake, southern Türkiye, Jan. 6, 2023. (AA Photo)

Deadly quake damages Türkiye's energy infrastructure, major port

earthquake
  • shortlink copied
  • Last Update: Nov 04, 2021 4:34 pm
    RELATED TOPICS
    fight-against-terrorism DEUTSCHE-BANK US-LIBYA-RELATIONS
    KEYWORDS
    natural gas consumption turkey russia gazprom energy imports
    The Daily Sabah Newsletter
    Keep up to date with what’s happening in Turkey, it’s region and the world.
    You can unsubscribe at any time. By signing up you are agreeing to our Terms of Use and Privacy Policy. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
    A Turkish Airlines aircraft is seen as a snow plow cleans runway at Istanbul Airport, Istanbul, Türkiye, Jan. 24, 2022. (DHA Photo)

    Over 200 flights cancelled in Istanbul due to expected snowstorm

    snowstorm
    A view of the rubble of a building hit by the earthquake in Pazarcık, Kahramanmaraş, Feb. 6, 2023. (AA Photo)

    Death toll rises to 1,498 after magnitude 7.7 quake rocks SE Türkiye

    EARTHQUAKE

    Gaziantep Castle collapses after magnitude 7.7 quake hit Türkiye

    EARTHQUAKE

    Kahramanmaraş, Hatay, Gaziantep suspend flights after 7.7 earthquake

    EARTHQUAKE
    No Image
    Celebrating Holy Week
    PHOTOGALLERY
    • POLITICS
    • Diplomacy
    • Legislation
    • War On Terror
    • EU Affairs
    • News Analysis
    • TÜRKİYE
    • Istanbul
    • Education
    • Investigations
    • Minorities
    • Diaspora
    • World
    • Mid-East
    • Europe
    • Americas
    • Asia Pacific
    • Africa
    • Syrian Crisis
    • İslamophobia
    • Business
    • Automotive
    • Economy
    • Energy
    • Finance
    • Tourism
    • Tech
    • Defense
    • Transportation
    • News Analysis
    • Lifestyle
    • Health
    • Environment
    • Travel
    • Food
    • Fashion
    • Science
    • Religion
    • History
    • Feature
    • Expat Corner
    • Arts
    • Cinema
    • Music
    • Events
    • Portrait
    • Performing Arts
    • Reviews
    • Sports
    • Football
    • Basketball
    • Motorsports
    • Tennis
    • Opinion
    • Columns
    • Op-Ed
    • Reader's Corner
    • Editorial
    • Photo gallery
    • Jobs
    • privacy
    • about us
    • contact us
    • RSS
    © Turkuvaz Haberleşme ve Yayıncılık 2021