News ID: 214264
Published: 0209 GMT April 30, 2018

Iran reduces gas exports to Turkey

Iran reduces gas exports to Turkey

Turkey's gas imports from Iran witnessed an 8.6-percent decline in February 2018 compared to the figure for the same month last year, however the Islamic Republic, maintained its position as the second gas exporter to the neighboring country.

Turkey's gas import from Iran amounted to ‎685.5‎ million cubic meters (mcm) in February 2018, compared to 749.6 mcm in the same month of 2017, reported Trend News Agency.

Natural gas imports from Iran constituted 12.7 percent of the country's total gas imports in the one-month period, according to the latest report released by Turkey's Energy Market Regulatory Body.

Iran was Turkey's second gas supplier in the period, after Russia.

Iran's share of the country's gas market was 14.3 percent in February 2017. The Islamic Republic met 13.5 percent of Turkey's gas demand in January 2018.

In January-February 2018 Iran exported ‎1,521.83 mcm of natural gas to Turkey, 1.3 percent less year-on-year (1,539.19 mcm in January-February 2017). ‎

Turkey's gas import from Iran in 2017 stood at 9.2 billion cubic meters (bcm).

Iran's overall gas exports to Turkey accounted to 7.8 and 7.7 bcm in 2015 and 2016, respectively.

Turkey's total natural gas import stood at 5.4‎ bcm in February 2018, registering a rise by 2.9 percent year-on-year.

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