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Iran’s share from Turkey’s gas market falls

Business Materials 28 January 2018 14:05 (UTC +04:00)

Baku, Azerbaijan, Jan. 28‎

By Fatih Karimov – Trend:

Turkey’s gas import from Iran amounted to 789.5 million cubic meters in November 2017, 11.9 percent more year-on-year.

Natural gas imports from Iran accounted for 14.5 percent of the country’s total gas imports in the one-month period compared to 16.2 percent in November 2016, according to a report released by Turkey’s Energy Market Regulatory Body.

Iran’s share from the country’s gas market was 17.47 percent in October 2017.

The Islamic Republic was Turkey’s second gas supplier in the period, after Russia.

Turkey’s gas import from Iran in January-November 2017 stood at 8.4 billion cubic meters (bcm).

Turkey’s total natural gas import stood at 5.448 bcm in November 2017, registering a rise by 25 percent year-on-year.

Iran’s overall gas exports to Turkey accounted to 7.8 and 7.7 bcm in 2015 and 2016, respectively.

Gas import sources

November 2017(mcm)

Share (%)

Y/Y change (%)

Azerbaijan

‎575.02‎

10.55

-0.3

Algeria

‎409.14‎

7.51

29.02

Iran

‎789.47‎

14.49

11.88

Qatar

‎418.76‎

7.69

100.00

Nigeria

‎107.12‎

1.97

-49.83

Norway

175.01

3.21

100

Russia

‎2,679.1‎

49.17

5.4

Trinidad and Tobago

98.97

1.82

100

US

196.25

3.6

100

Total

‎5,448.85‎

100

25.13

Turkey also exported 69.38 million cubic meters of gas to Greece in November 2017, indicating a rise by 76.38 percent year-on-year.

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