Turkish state-owned pipeline operator BOTAS has increased the price of natural gas used for electricity production by 50 % as of 1 August.
According to the company, the price hike was inevitable due to a weaker lira pushing crude oil and gas prices higher, since Turkey is mostly dependent on energy imports. The increased natural gas prices are based on an exchange rate of 4.86 lira to the dollar, but the payments of producers will be calculated based on the official spot rate of the payment day.
Full article available for subscribers of Energy NEWS service (PDF publications, energy news, analyses, power and trading data, tenders)
Subscription fee: 800 EUR annually – company licensed
Tags: BOTAS, gas, gas price, Turkey