Gas shortage in Turkey due to debts to Gazprom

Failure to comply with the decision of the arbitration court on the dispute between Gazprom and Turkish private importing companies restrains the supply of Russian gas to the republic, which continues to reduce gas imports from Russia.

According to media reports, one of the private importers agreed to pay its share of the debt to Gazprom and has already resumed importing Russian gas via the Turkish Stream. The other three losers to the importer’s arbitration are also interested in joining the agreement, but are still awaiting a bank guarantee.

By the end of 2021, gas consumption in Turkey should grow to a record 60 billion cubic meters. m. But since June, Turkey has been reducing imports of Russian gas month after month (by about 6% a month). And if in June 2.4 billion cubic meters were received. meters of gas, in October – only 1.9 billion cubic meters. m, follows from the data of “Gazprom” and the Federal Customs Service.