Analysis of Turkey's Gas Policy Axes to Review long-Term Gas Contracts (Affecting the Energy Interests of the Islamic Republic of Iran)
The decline in the share of natural gas in electricity generation, along with the increase in the share of coal and renewable energy in it, on the one hand, and the excess supply in the gas market, as well as lower prices in the single-cargo market, on the other, have prompted the Turkish government to Long-term (LTC) gas import, to reconsider some of its clauses. Clauses such as "Take or Pay", "Oil linked" pricing, "Destination Clauses" and finally the import timeframe were among the items considered by the Turkish government in reviewing its new gas import contracts. Will analyze and review it. It should be noted that in 2021, 16 billion cubic meters of Turkish gas import contracts - 8 billion cubic meters of Butash contract, half of which is related to imports from Gazprom and 8 billion cubic meters of contracts of 7 Turkish private companies - with suppliers. The gas will run out. The importance of this issue for the Turkish government is that the result of its efforts in 2021 in reviewing its gas import contracts can be the review of other gas contracts of this country with supplier countries, most of which (52 billion cubic meters) will be completed by 2026. Have a decisive effect.
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