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Photo – Türkiye increases electricity tariffs by 20% from October
Türkiye increases electricity tariffs by 20% from October

Gas prices for industry are also expected to rise by 15-20%

Photo – Turkiye left gas prices for industry unchanged in May
Turkiye left gas prices for industry unchanged in May

Since the beginning of 2023, the cost of natural gas in the country has decreased three times, reaching a 52.4-63.6% decrease by October 2022

Photo – Turkiye increased steel production by 28.9% m/m in March
Turkiye increased steel production by 28.9% m/m in March

During the month, Turkish steelmakers produced 2.71 million tons of steel

Photo – Turkiye has reduced gas prices for industry by 20% since April
Turkiye has reduced gas prices for industry by 20% since April

This is the third decrease in gas prices in the country in 2023. In February, gas for industry became cheaper by 13-17%, and in March – by 21-26%

Photo – Energy costs of Turkish steelmakers will continue to decrease – CIB
Energy costs of Turkish steelmakers will continue to decrease – CIB

The level of gas prices in Turkiye may balance with the cost of energy resources in the EU already in June of this year

Photo – Turkiye reduced steel production by 19.2% m/m in February 2023
Turkiye reduced steel production by 19.2% m/m in February 2023

During the month, Turkish steelmakers produced 2.1 million tons of steel

Photo – Turkiye has reduced gas prices for industry by 21-26% since March
Turkiye has reduced gas prices for industry by 21-26% since March

This is the second consecutive decrease in the price of gas in the country in 2023. In February, gas for industry became cheaper by 13-17%

Photo – Turkiye lowers natural gas prices for industry by 13-17%
Turkiye lowers natural gas prices for industry by 13-17%

Lower prices will help Turkish steel producers, whose competitiveness is at a low level

Photo – The EU are working on limiting the gas price for the electricity production
The EU are working on limiting the gas price for the electricity production

It is proposed to establish subsidies for power plants using gas

Photo – The Moldova Steel Works has suspended work due to a shortage of gas
The Moldova Steel Works has suspended work due to a shortage of gas

Industrial enterprises of Transnistria are forced to reduce gas consumption

Photo – Kametstal has shipped 16,000 cubic meters of neon-helium mixture since the beginning of the year
Kametstal has shipped 16,000 cubic meters of neon-helium mixture since the beginning of the year

Also, in September, the plant resumed the sale of argon – about 60 tons of the product was shipped

Photo – Demand for gas in industry decreased by more than 50%
Demand for gas in industry decreased by more than 50%

Ukraine needs to prepare for different scenarios of the heating season

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