Russia's share in the Turkish import of gas has decreased dramatically

the Share of Russian gas in the Turkish import of blue fuel was reduced during the period from 2017 to 2019 from 52% to 33%, according to the Agency “Anadolu” with reference to the regulatory authority for the energy market (EPDK) of Turkey.

According to the Agency, in 2017, Turkey imported 28,690 billion cubic meters of Russian gas (52% in the Turkish import of blue fuel). And in 2019, Russia supplied to Turkey only 15,191 billion cubic meters, said “Interfax”.

Recall that on 1 June it became known that Russia, which in March-2019, led by deliveries of gas to Turkey a year later, significantly reduced market share. So, in March 2020, the share of Russian gas exports to the Turkish market fell to 9.9% (389,7 million cubic meters), while a year earlier it was up to 33% (1.4 billion cubic meters), indicated by RBC with reference to the materials of the EPDK.

during the reporting period, the Russian pipeline supply to Turkey has bypassed Azerbaijan (share of 23.5%) and Iran (14,2%), and the supply of liquefied natural gas (LNG) — Qatar (20%) and Algeria (13.7 per cent).

Thus, Russia in March fell to fifth place in the list of the largest suppliers of gas to Turkey from the first place a year earlier.

In March 2020 Turkey for the first time in history imported more LNG than pipeline gas. Meanwhile, shipments of “Gazprom” to the Turkish market declined 72% compared to March last year.

we will Add that in I quarter of current year “Gazprom” for the first time in its history, began to operate at a loss, counting on Russian accounting standards (RBSU), and the amount of loss amounted to 306 billion rubles, said the “Interfax”.

Issues of concern have become abnormally warm winter and the overcrowding of the European repositories, in which the company is actively pumped gas to improve the statistics for 2019. His role was played by the increase of other manufacturers in the supply of liquefied natural gas (LNG) to the European market. In SovEconspine a dramatic excess of supply over demand led to a record reduction in the cost of fuel indicated

it was Also reported that by 2020, Gazprom has budgeted the sum of $133 per thousand cubic meters with a possible drop to $70 in summer, however, the pandemic coronavirus infection COVID-19 dealt another blow.

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