ISTANBUL, Iran has cut gas flow to Turkey for 10 days due to technical fault, Turkish media reports. As a consequence, Turkey has to order gas fueled power plants to cut gas use by 40 per cent. Turkish industry groups are now warning industrial production in the country would be affected.
Iran notified Turkey that a 10-day break would be observed in natural gas flow though the same could resume earlier, a Turkish government official was quoted as having said.
He said Turkey was in talks with Turkmenistan to import gas. The deal was in final stages even though Tehran was “in talks” with Turkey to extend gas export contracts to Ankara, the official added.
For natural gas consumption Turkey is dependent on importing gas from Russia, Azerbaijan and Iran. Iran has covered 16 per cent of Turkey’s natural gas needs in the first 10 months of 2021.
Turkey’s gas importer BOTAS imports commodities from Iran according to a 110-year contract that was signed in 1966.
According to BOTAS, natural gas prices in Turkey have jumped by 25 per cent for residential use and 50 per cent for industrial use.