Russian gas exports to Turkey and eight other southeast European nations fell by...
LONDON - Russian gas exports to Turkey and eight other southeast European nations fell by more than a quarter in the first half of 2019 as cheaper liquefied natural gas and new Azeri supplies helped the region reduce reliance on Russia.
Gazprom’s exports to the nine regional states fell 27% to 14.2 billion cubic meters from 19.5 bcm a year earlier, the figures published by the Russian energy giant showed. A Turkish gas market source said the drop in Russian flows might have been intended “to show Gazprom that Turkey can survive without Russian gas.”
Another industry source said buyers were typically required to take 80% to 85% of the contracted amount or pay a fee. Turkey’s LNG imports rose 12% in the first six months to 4.92 million tonnes, equivalent to about 6.7 bcm, Refinitiv Eikon data showed. Spot LNG imports outpaced the rise in Turkish purchases via long-term contracts with Algeria and Nigeria.Greece, which imported 1.5 bcm from Gazprom in the first six months of 2019 compared to 1.7 bcm a year earlier, reported an even bigger 156% jump in LNG imports to 0.82 million tonnes, equivalent to about 1.1 bcm, according to Refinitiv Eikon data.
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