Energy Market Regulatory Authority

Türkiye imported a total of 50.48 billion cubic meters (bcm) of natural gas last year, down 7.64 percent from 2022, according to the data from the Energy Market Regulatory Authority (EPDK).

Türkiye turned out to be Russia's most reliable partner in the gas sector after Germany's partial refusal to import Russian gas, Russian President Vladimir Putin has said in an interview with Rossiya-1 TV channel's Pavel Zarubin, published on the journalist's Telegram channel, TASS reported on Feb. 18.

Officials from Petroleum Pipeline Company BOTAŞ recently held meetings with representatives from Turkmenistan to discuss the delivery of Turkmen natural gas to Türkiye and other cooperation opportunities.

Türkiye's electric vehicle market is expanding very fast that leads to a stiff competition among companies operating charging stations at a time when consumers are becoming more environmentally conscious.

Consumers want the energy which powers their electric vehicles to be produced with clean resources such as wind and solar.

The implementation of the Turkish gas hub project may start in 2024, Russian Deputy Prime Minister Alexander Novak has said.

Petroleum Pipeline Corporation (BOTAŞ) has announced that natural gas prices for households and industrial users have been kept unchanged for December.

There will be no change in the price of natural gas used in electricity generation as well, the company added.

Türkiye's natural gas import declined by 39.2 percent in June from a year ago to 2.33 billion cubic meters, the Energy Market Regulatory Authority (EPDK) has informed.

LNG imports fell 18 percent to 462 million cubic meters, while imports via pipelines were down 43 percent to 1.87 billion cubic meters.

Around $10 billion has been invested in solar power over the past year triggered by a new regulation, Mustafa Yılmaz, head of the Energy Market Regulatory Authority (EPDK) has said.

With demand for electric vehicles rising, the charging station network in Türkiye is expanding fast, reaching nearly 4,000.

The Special Consumption Tax (SCT) on natural gas for household use and petrol has been hiked, according to a decree published in the Official Gazette.

The SCT on petrol was increased by 5 Turkish Liras ($0.19), but including the value-added tax (VAT), the pump price will be some 6 liras higher, while the cost of filling up a 50-liter tank will rise to 1,702 liras.