Turkey to end power cuts to industrial zones, increase gas supply -ministry (updated)

Kartonsan Karton Sanayi ve Ticaret

28/01/2022 16:53

(Adds quote, background)
    ISTANBUL, Jan 28 (Reuters) - Power cuts at Turkish
industrial facilities will end on Saturday and the reduction of
the supply of natural gas will be lowered to 20% from 40% as of
Monday, the energy ministry said on Friday.
    Authorities announced the planned electricity and natural
gas cuts to large consumers in industrial zones and
electricity-generating power plants last week due to limited
supply from Iran.  urn:newsml:reuters.com:*:nL1N2U11EO urn:newsml:reuters.com:*:nL1N2U41O5
    Turkey is almost fully dependent on imported gas from
Russia, Azerbaijan and Iran, which suspended gas flows to the
country up to 10 days last week, saying there was a technical
fault at a pressure-boosting station in Turkey.
    Some Turkish manufacturing companies, including car parts
maker Ege Endustri  EGEEN.IS , cardboard manufacturer Kartonsan
 KARTN.IS  and defence automotica parts maker Katmerciler
 KATMR.IS , halted production due to the cuts.
    The energy ministry said on Twitter on Friday that the power
cuts would end on Jan. 29 and the gas supply reduction will be
decreased to 20% from 40% as of Jan. 31.
    "We thank our industrialists for the understanding and
cooperation they have shown during this period," it said.
    While Iran said its gas exports to Turkey had resumed last
Friday, a Turkish official said those supplies were lower than
the required volumes. Turkey has denied that the problem was due
to a fault at a pressure station on its side.
    Iran provided 16% of Turkey's natural gas needs in the first
10 months of 2021, according to the latest official data.
    Energy prices have risen sharply in Turkey, driven by global
increases and a 44% decline in the lira's value against the
dollar last year.
    Electricity prices were raised as much as 125% for
high-demand commercial users this month and by around 50% for
lower-demand households.  urn:newsml:reuters.com:*:nL1N2TH048

 (Reporting by Ali Kucukgocmen, Editing by Louise Heavens)
 ((ali.kucukgocmen@thomsonreuters.com , @alikucukgocmen;
+905319306206; Reuters Messaging: Reuters Messaging:
ali.kucukgocmen.thomsonreuters.com@reuters.net))