Page 49 - TURKRptDec22

7.0 Industry & Sectors 7.1 Sector news
7.1.1 Oil & gas sector news
Turkey’s government has decided to not hike natural gas prices in December, energy minister Fatih Donmez said on November 18.
For September, Turkey’s government-run natural gas monopoly Botas hiked its gas prices, excluding value added tax (VAT) and the special consumption tax (OTV/SCT), on average by:
· 25% for households to Turkish lira (TRY) 4 ($0.22) per cubic metre (m3),
· 52% for SMEs (Level 1/consumption at less than 0.3mn m3 per year) to TRY 7,
· 52% for industry (Level 2/consumption at higher than 0.3mn m3 per year) to TRY 16,
· 50% for power plants to TRY 21.
For October, Botas hiked the gas price for tourism facilities by 25% to TRY 9.
It also linked the gas price for bigger industrial facilities (that use more than 0.3mn m3 of gas per year) to the average daily reference price at the energy exchange EPIAS in the period between September 1 and September 21.
The average price in question stood at TRY 26.
As a result, an industrial facility, which uses more than 0.3mn m3 of gas per year, is on the hook for TRY 16 (Level2) for 60% of its consumption and TRY 26 for the remaining 40%.
For big (more than 0.3mn m3 per year) gold, aluminium, copper, boron, zinc, iron/steel, silver, chrome, lead and magnesium producers, along with oil refineries and petrochemical companies, the Level 2 price was dropped. They were asked to pay TRY 26 for 100% of their consumption.
49 TURKEY Country Report December 2022 www.intellinews.com