Page 37 - TURKRptMar21 2
P. 37
Turkey’s cost of Azerbaijani gas from Shah Deniz I is expected to be around $194 per 1,000 cubic metres in Q2, above the $180 seen in Q1.
Oil prices are reflected in the prices in Turkey’s oil-indexed natural gas contracts with six to nine-month time lags.
In Q2 2020, Turkey turned to LNG imports to benefit from the oil price collapse that came with the coronavirus crisis impacts. It returned to pipeline supplies after the Q2 oil prices entered into the pipeline contract prices after end-June.
Gas flowing from Shah Deniz II is Turkey's most expensive source of pipeline
37 TURKEY Country Report March 2021 www.intellinews.com
