Latest news with #BOTAS
Zawya
07-04-2025
- Business
- Zawya
Turkey to hike electricity, gas prices as of Saturday, regulator says
ISTANBUL - Turkish authorities are set to raise electricity and natural gas prices for some users from Saturday, Turkey's EPDK energy regulator said on Friday. EPDK said in a statement that electricity prices will be increased by 25% for residential use and 10% for industrial use while natural gas prices will be increased by 20% for industrial use and 24.2% for electricity producers, as per state energy importer BOTAS prices. There will be no change in natural gas prices for residential use as of Saturday, the EPDK also said. (Reporting by Can Sezer; Writing by Ezgi Erkoyun; Editing by Mark Porter)
Reuters
04-04-2025
- Business
- Reuters
Turkey to hike electricity, gas prices as of Saturday, regulator says
ISTANBUL, April 4 (Reuters) - Turkish authorities are set to raise electricity and natural gas prices for some users from Saturday, Turkey's EPDK energy regulator said on Friday. EPDK said in a statement that electricity prices will be increased by 25% for residential use and 10% for industrial use while natural gas prices will be increased by 20% for industrial use and 24.2% for electricity producers, as per state energy importer BOTAS prices. There will be no change in natural gas prices for residential use as of Saturday, the EPDK also said.
Al Arabiya
25-02-2025
- Business
- Al Arabiya
Turkey wants gas supply deal extension with Turkmenistan, minister tells Hurriyet
Turkey is negotiating an agreement with Turkmenistan to extend a natural gas supply deal for five years, Turkish Energy Minister Alparslan Bayraktar told the Hurriyet daily on Tuesday, noting that the deal is expected to be finalized within the year. Turkish President Recep Tayyip Erdogan and Vice President Cevdet Yilmaz are scheduled to meet officials from Turkmenistan in Ankara later in the day. Earlier this month, Bayraktar said that Turkey and Turkmenistan had signed a deal for the supply of Turkmen natural gas to Turkey. The agreement, between Turkey's state-owned pipeline operator BOTAS and Turkmenistan's Turkmengaz, is set to begin on March 1, with gas flows of 1.3 billion cubic meters via Iran. 'We want to do this long-term. We have a long-term goal of a swap agreement. We are working on a program that will likely extend to a five-year swap agreement within this year,' Hurriyet quoted Bayraktar as saying. Turkey consumes more than 50 billion cubic meters of gas every year, and relies on a mix of piped gas from Russia, Azerbaijan and Iran, along with liquefied natural gas imports from various suppliers. Bayraktar said that Turkey aimed to sign a license for oil and gas exploration in Somali land blocks on March 1. Turkey is conducting exploration off Somalia as part of an agreement with its East African ally.
Reuters
25-02-2025
- Business
- Reuters
Turkey wants gas supply deal extension with Turkmenistan, minister tells Hurriyet
ISTANBUL, Feb 25 (Reuters) - Turkey is negotiating an agreement with Turkmenistan to extend a natural gas supply deal for five years, Turkish Energy Minister Alparslan Bayraktar told the Hurriyet daily on Tuesday, noting that the deal is expected to be finalised within the year. Turkish President Tayyip Erdogan and Vice President Cevdet Yilmaz are scheduled to meet officials from Turkmenistan in Ankara later in the day. Earlier this month, Bayraktar said that Turkey and Turkmenistan had signed a deal for the supply of Turkmen natural gas to Turkey. The agreement, between Turkey's state-owned pipeline operator BOTAS and Turkmenistan's Turkmengaz, is set to begin on March 1, with gas flows of 1.3 billion cubic meters via Iran. "We want to do this long-term. We have a long-term goal of a swap agreement. We are working on a programme that will likely extend to a five-year swap agreement within this year," Hurriyet quoted Bayraktar as saying. Turkey consumes more than 50 billion cubic metres of gas every year, and relies on a mix of piped gas from Russia, Azerbaijan and Iran, along with liquefied natural gas imports from various suppliers. Bayraktar said that Turkey aimed to sign a licence for oil and gas exploration in Somali land blocks on March 1. Turkey is conducting exploration off Somalia as part of an agreement with its East African ally. The Reuters Power Up newsletter provides everything you need to know about the global energy industry. Sign up here.
Reuters
11-02-2025
- Business
- Reuters
Turkey, Turkmenistan agree gas supply deal for March
ANKARA, Feb 11 (Reuters) - Turkey and Turkmenistan have signed an agreement to facilitate the flow of Turkmen natural gas to Turkey, marking a significant step in energy cooperation between the two nations, Turkish Energy Minister Alparslan Bayraktar said on Tuesday. The deal, between Turkey's state-owned pipeline operator BOTAS and Turkmenistan's Turkmengaz, aims to begin gas flow on March 1, he said. Turkey consumes more than 50 billion cubic metres of gas per year. It relies on a mix of piped gas from Russia, Azerbaijan, and Iran, along with LNG imports from various suppliers. "With this agreement, which we have been working on for many years, we will further advance the strategic cooperation between the two countries while strengthening the natural gas supply security of our country and region," Bayraktar said in a statement. The minister had previously said Turkey could buy up to 2 billion cubic meters of gas annually from Turkmenistan, with the gas expected to be transported via Iran's existing natural gas network. Specific details regarding the volume of gas to be supplied under the new agreement and the exact terms of transit through Iran were not disclosed. The Reuters Power Up newsletter provides everything you need to know about the global energy industry. Sign up here.
