National Iranian Gas Company

Türkiye will not have any gas supply problems this winter as the country has enough gas at its storage facilities, Energy Minister Alparslan Bayraktar has said.

"The Silivri underground storage facility is 100 percent full. We are entering the winter well prepared," the minister said after visiting the facility.

European countries continue to draw blue fuel from underground natural gas (GNG) storages at minimal rates, and wind power generation in the region exceeds 30% of the total, reaching one of the highest levels since 2022, data from Gas Infrastructure Europe shows and the European Wind Energy Association.

Bulgaria on Jan. 3 gained access to Türkiye's terminals and gas transmission network under a long-term deal that will help the country replace supplies once provided by Russia.

Bulgaria's state gas company Bulgargaz and the Turkish gas transmission company Botas signed a 13-year deal that grants the Balkan neighbor access to Türkiye's terminals for liquefied natural gas.

The Groningen gas field in the Netherlands has about 450 billion cubic metres of exportable gas in reserves

Iran holds the world’s second-largest gas reserves

The Salt Lake natural gas underground storage facility, the largest gas storage project in the world, is the greatest response to those uttering sanctions threats to Turkey in the east Mediterranean, Turkish energy minister has said.

Iran is seeking to extend engagement with Turkish companies especially in upstream and downstream projects, a top Iranian energy official said on July 12.        

Turkmenistan halted gas supplies to Iran on Jan. 1 amid tensions between the two countries over arrears, the Iranian National Gas Company was quoted by oil ministry news agency Shana as saying.

"The gas company of Turkmenistan has cut gas exports to Iran, contrary to the agreement reached, by demanding immediate payment of arrears," Shana cited an official statement as saying.

The International Court of Arbitration has ruled against Iran in its gas dispute with Turkey, Shana news agency quoted the managing director of the National Iranian Gas Company, Hamid-Reza Araqi, as saying Feb. 2.

The International Court of Arbitration has ruled against Iran in its gas dispute with Turkey, saying that Iran must offer 10-15 percent of discount on gas sold to Turkey. 

Based on the ruling, Turkey had asked 35.5 percent of discount on Iranian gas, Shana news agency quoted the managing director of the National Iranian Gas Company, Hamid-Reza Araqi, as saying on Feb. 2.