Turkey reduces gas imports from Russia

Failure to solve the arbitral trial on Gazprom’s dispute with Turkish private importers is constrained by the supply of Russian gas to Turkey, which is already experiencing a tangible shortage of Russian gas.

As ICIS reports, at the moment the Russian gas supply deficit is 25 million cubic meters per day.

One private importer has already agreed to pay its share of the compensation to Gazprom and resumed the import of Russian gas on the “Turkish flow” (it is about 3 million cubic meters. And per day). Three more losers of importer arbitration are interested in joining the agreement, but have not yet received a bank guarantee.

Gas consumption in Turkey in 2021, as expected, should grow to record 60 billion cubic meters. M, but since June, Turkey, the month of Russian gas decreases month during the month (on average by 6% per month). And if 2.4 billion cubic meters were obtained in June. m gas, then in October – only 1.9 billion cubic meters. m.

In 2015, Gazprom provided a discount of 10.25% by private Turkish importers, but in a year he demanded its cancellation. Akfel Gaz, Bat Hatt, Kibar Enerji, Avrasya Gaz, Enerco Enerji were submitted to the Arbitration Institute of the Stockholm Chamber of Commerce and Arbitration. Arbitrations canceled discounts for private traders from January 1, 2017.