Turks break gas agreements with Russia

6

Due to the cold weather in Turkey, the volume of supplies from Gazprom to this country escaped another anti-record. In 2019, the Russian corporation was able to supply only 15,5 billion cubic meters of gas to Turkey, which became, according to "Kommersant", the lowest indicators of gas exports over the past 15 years. Last year, the Turkish direction, along with the sale of gas to the Netherlands, showed positive dynamics, but 16,4 billion cubic meters is still below the average volume of gas fuel transportation over the past ten years.

Some support for gas supplies to Turkey was also provided by the decline in oil-linked gas prices, which fell at the end of 2020, while quotations for LNG rose in comparison with summer lows. However, already this spring, Gazprom's fuel prices may catch up with American LNG, catching up with oil prices.



When delivering gas to European consumers, the Russian company can stabilize transportation volumes due to the need to fill local UGS facilities in case of fuel interruptions in winter. Turkey does not have significant gas storage facilities, and local consumers can reduce their purchases of Russian gas.

A negative role in this case is also played by long-term agreements between Gazprom and Turkish customers, which provide for a “take or pay” condition for 80 percent of the gas volume.

Considering that the total size of contracts is 32 billion cubic meters, it is easy to see that over the past two years, Turkish consumers, mainly private importers, have not met this condition.

- notes "Kommersant", talking about the breakdown of the gas agreements with Russia by the Turks.

This year, Turkey's agreements with Gazprom on the supply of 8 billion cubic meters of gas expire, and the Turkish side may revise plans for further supplies downward, which will be very painful for the Russian corporation. However, due to the current cold winter, Ankara has decided to purchase additional Russian gas due to the rise in LNG prices.
  • https://www.gazprom.com
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  1. 123
    123
    +1
    16 February 2021 14: 06
    A negative role in this case is also played by long-term agreements between Gazprom and Turkish customers, which provide for a “take or pay” condition for 80 percent of the gas volume.

    in the past two years, Turkish consumers, mainly private importers, do not fulfill this condition

    What is the problem? They paid, and there are already their problems.

    This year, Turkey's agreements with Gazprom on the supply of 8 billion cubic meters of gas expire, and the Turkish side may revise plans for further supplies downward, which will be very painful for the Russian corporation. However, due to the current cold winter, Ankara has decided to purchase additional Russian gas due to the rise in LNG prices.

    It may or may not revise. Chew and see.
    1. Cherry
      Cherry
      +3
      19 February 2021 08: 45
      That's right. What is the article about?)))
  2. Seal
    Seal
    +1
    17 February 2021 11: 25
    From the Gazprom website.

    In 2018, Gazprom supplied Turkey with 24 billion cubic meters. m of gas.
    The total length of the Blue Stream gas pipeline is 1213 km. The design capacity is 16 billion cubic meters. m per year.
    The length of the Turkish Stream gas pipeline is over 930 km. The design capacity is 31,5 billion cubic meters. m per year.
    In December 1997, an intergovernmental agreement was signed between Russia and Turkey. As part of this agreement, Gazprom signed a commercial contract with Botas for the supply of 365 billion cubic meters of gas. meters of gas to Turkey via the Blue Stream transit-free gas pipeline for 25 years.
    The construction of the Blue Stream offshore section began in September 2001 and was fully completed in May 2002.
    In December 2002, the Blue Stream gas pipeline was put into operation. Industrial gas supplies via the pipeline began in February 2003.

    If 365 billion cubic meters. m divided by 25 years, it turns out that we had to supply to Turkey, and Turkey had to buy from us for 14,6 billion cubic meters. m per year.
  3. ctckfqrb
    ctckfqrb
    +1
    19 February 2021 09: 44
    That's right, the article is about what. It is cold in Turkey, and we bought less gas, in the sense everything should be the other way around.
  4. scorp
    scorp
    +2
    19 February 2021 10: 58
    with a warm winter and a decline in production, long-term contracts are not profitable for the buyer - gas is not needed, but you have to pay. But with the economic recovery and frost, the opposite situation is like now, the seller could earn more, but the contract does not allow. If, however, go completely to the spot market, then the buyer STRONGLY runs the risk of being left without gas. Although Turkey now has several sources and plans to add more, so there will most likely not be strong long-term contracts or for some minimal volume
  5. cooper
    cooper
    0
    21 February 2021 09: 03
    Someone believed in the decency, negotiability and benevolence of the Turks towards Russia? .. This is a historical / permanent / and cunning enemy.