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personnel have had to take time off work to to the local market at a lower price than it procedure to gauge the demand for
care for relatives affected by the country’s pays its suppliers, making it difficult for the additional capacity for its floating LNG
earthquake disaster, according to a report company to operate sustainably. terminal in the Gulf of Gdansk, Gaz-System
from state-run news service Anadolu The company currently charges an said on March 6. PER-
Agency. average of $393 for 1,000 cubic metres of The terminal is planned to have a
“There may be a slight delay,” the media gas, which is significantly lower than the regasification capacity of 6.1bn cubic metres
outlet cited Energy Minister Fatih Donmez cost of purchasing and storing gas, at $727. of gas annually but Gaz-System assumes
as saying on March 7. “It seems it will likely However, the company will continue to that an expansion would be possible based
be in April,” he added. monitor price trends and evaluate the cost on market demand.
Turkey is dependent on imports to of purchasing gas before making further The demand is expected to grow in the
meet almost all of its gas and oil needs. adjustments to prices, which will affect both wake of Poland and the rest of Europe
However, the government estimates offshore households and non-domestic consumers, reorienting gas supply routes after Russia
fields in the Turkish part of the Black Sea Bajatovic told the forum. ceased to be the main supplier following its
hold around 710bn cubic metres (bcm) of The International Monetary Fund attack on Ukraine a year ago.
natural gas. Some analysts have expressed (IMF) has asked Serbia to raise its gas and The final regasification capacity for
scepticism as regards this estimate. electricity prices. This comes after the IMF the planned terminal will depend on the
If the launch of production takes place approved a two-year stand-by arrangement reported market interest in the procedure,
in April, it will be billed as a breakthrough (SBA) worth €2.4bn. Gaz-System said.
for Turkey by the Erdogan administration Serbia secured a new long-term gas deal As part of the market research procedure,
as the country gets set for presidential and with Russia’s Gazprom on favourable terms Gaz-System will evaluate the level of market
parliamentary elections pencilled in for in May 2022, but still needs to secure some interest in exporting regasified LNG to
May 14. gas from other sources. Slovakia, Lithuania, Denmark, Germany,
the Czech Republic, and Ukraine.
The terminal in the Gulf of Gdansk is
Price hikes expected for Serbian Poland’s gas grid operator expected to become operational by 2028.
Poland used to get the bulk of its gas
gas consumers in 2023 probes market demand for from Russia. The country has now switched
supplies via Qatar, the US, and Norway,
Natural gas consumers in Serbia will face an expansion of planned LNG with some domestic production filling in
estimated 10% increase in prices following to meet the overall demand estimated at
the end of the heating season on May 1, terminal in Gdansk around 15 bcm in 2023. ™
Dusan Bajatovic, the CEO of Srbijagas, told
the Kopaonik Business Forum. Polish gas grid operator Gaz-System
According to Bajatovic, Srbijagas sells gas launched a non-binding market research

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