Sergey Kondratiev, Principal Director on Economic Studies at the Institute for Energy and Finance, commented to the Kommersant newspaper on the Russian gas supplies to Turkey.
According to Sergey Kondratiev, in 2023 gas supplies from Russia to Turkey are steadily below the levels of 2022, which is partly due to a general decline in gas demand and switching to the LNG purchase and cheaper gas from Azerbaijan (an increase of 16% year-on-year).
He estimates the minimum selection within take-or-pay to Turkey at 19 billion cubic meters, adding that, probably, Turkish Botas may face certain problems with its implementation.
"Given the dynamics within recent months, I think that the anti—record of 2019 may be repeated — by the end of the year, deliveries may amount to less than 15 billion cubic meters," he said.
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