Turkey’s natural gas purchases from Russia dropped by 35.3 pct in 2019: report

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ST PETERSBURG, RUSSIA - MAY 24 : Gazprom signs at the ExpoForum Convention and Exhibition Centre ahead of the 2018 St Petersburg International Economic Forum in St Petersburg, Russia on May 24, 2018. Sefa Karacan / Anadolu Agency

Russian gas supplies to Turkey declined by 35.3 percent to 15.51 billion cubic meters (bcm) last year due to a downturn in the Turkish economy, the Kremlin-controlled gas giant Gazprom said on Friday, according to Reuters.

Turkey was Gazprom’s third-largest gas consumer among European countries last year after Germany (53.5 bcm) and Italy (22.1 bcm).

The country’s economy has been struggling despite a moderate recovery after a currency crisis in the summer of 2018, when the national currency lost some 30 percent of its value against the US dollar.

A recent report from Deutsche Welle Turkish service indicated that Turkey has been paying Russia $250 to $280 per thousand cubic meter, while in Europe the prices were around $110-$120.

Turkish Minute

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