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Iranian gas flows to Turkey at 50 percent of guaranteed levels: Sources

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Iranian natural gas flows to Turkey are currently at around 50 percent of daily guaranteed levels and repairs to the pipeline on the Iranian side of the border have been postponed until the Spring, Turkish sector sources said on Wednesday.

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They said the current gas volumes and pressure were not in line with contract conditions. Iran cut gas flows to Turkey in late January for some 10 days due to a technical failure, prompting Ankara to order gas-fueled power plants to cut gas use temporarily.

Last Friday, Turkey’s energy ministry said the reduction of natural gas supply to industrial facilities would amount to 20 percent from the start of this week, compared with a previous 40 percent.

Turkey is almost fully dependent on imported gas from Russia, Azerbaijan and Iran, with the latter providing 16 percent of Turkey’s natural gas needs in the first 10 months of 2021, according to the latest official data.

Some Turkish manufacturing companies, including car parts maker Ege Endustri, cardboard manufacturer Kartonsan and defense automotive parts maker Katmerciler, halted production due to the cuts.

Energy prices have recently risen sharply in Turkey, driven by global increases and a 44 percent decline in the lira’s value against the dollar last year.

Electricity prices were raised as much as 125 percent for high-demand commercial users last month and by around 50 percent for lower-demand households.

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