Azerbaijan will supply Turkey with more natural gas in February to meet rising demand under harsh winter weather, following a decrease in supplies by neighbouring Iran at the end of January.
SOCAR Enerji Ticaret, a subsidiary of Azerbaijan's national oil corporation SOCAR, will provide Turkey with 4 million cubic meters (mcm) of natural gas per day in February.
Earlier, Turkey's Energy Market Regulatory Authority (EPDK) announced a bid for a spot pipeline gas capacity reserve, and the business won. The gas will be delivered via the Türközü entry point in Ardahan's eastern region.
Iran stated last week that it will halt gas deliveries to Turkey for ten days due to a technical issue. Earlier, President Recep Tayyip Erdoğan indicated that full gas supply from Iran will be restored in 10 to 15 days.
Turkey has been obliged to limit gas consumption and curtail electrical supply for industrial locations as a result of the unexpected halting of flows through the eastern Ağrı province, leading several industries to suspend output.
According to state-run pipeline firm BOTA, the country's natural gas consumption reached a record high of roughly 288 million cubic meters (mcm) on January 19, as home use jumped owing to colder-than-normal weather.
The daily gas flow to Turkey is roughly 270 mcm, with 44 mcm going through the TurkStream gas pipeline, 47 mcm going through the Blue Stream pipeline, and 17.3 mcm going through the Trans Anatolia Natural Gas Pipeline (TANAP).
Azerbaijan's spot market agreement includes 7 million cubic meters, while the country's underground gas storage facilities supply roughly 45 million cubic meters. Turkey's liquefied natural gas (LNG) and floating LNG plants ensure the remaining capacity.
Turkey is nearly entirely reliant on Russian, Azerbaijani, and Iranian gas imports. Iran alone supplied 16% of Turkey's natural gas demand in the first ten months of 2021, according to the most recent government figures. The gas supply from the neighbour was 28 mcm per day.
