By the end of 2022, Turkey has reduced the volume of Russian gas supplies to the country, including natural pipeline and liquefied fuel (LNG). During the 12 months, this figure decreased by 18% and reached 21.6 billion cubic meters by the end of December. reported republic on the website of the EMRA’s department for regulating the energy market.
The vast majority of Russian natural gas came to Turkey via pipelines – under this program, the republic imported a total of 15 billion cubic meters of fuel from the Russian Federation. The remaining share fell to liquefied gas, according to the statistics of the Turkish division.
For comparison, according to the results of 2021, the Russian energy holding Gazprom supplied Turkey with a total of 26.3 billion cubic meters of gas. The reason for the decrease in imports may be the increase in foreign exchange prices of this type of fuel due to the intensification of the global energy crisis in the first half of 2022.
Mehmet Çavuşoğlu, Head of the Turkish Ministry of Foreign Affairs (Ministry of Foreign Affairs), on February 20. announced growth in bilateral trade volume with Russia, with the exchange rate of natural gas increasing threefold. Approximately 60% of the trade between Ankara and Moscow is still based on the purchase and sale of various energy sources.