Jan 9, 2008

DEPA says interruption of Natural Gas flow from Turkey will not affect operations

Regular natural gas shipments from Iran to Turkey will resume next week, possibly on Monday, following a same-day confirmation that gas shipments to Greece, via Turkey, from Azerbaijan have ceased as well, a negative development two months after a Turkey-Greece natural gas pipeline was inaugurated in November 2006.

Reports cited statements by Iranian officials claiming that weather conditions in Iran caused a decrease in gas shipments to Turkey and not a total interruption.

Meanwhile, other reports said Turkey will import electrical power from Greece, given that the shortage in natural gas was reportedly straining power output in the neighbouring country. According to reports, 50 percent of power generation in Turkey is fuelled by natural gas. A figure of 185 MW of imported electricity for January and February was cited.

Officials with Greece's state-run natural gas utility (DEPA) on Wednesday noted that the development will not affect the country's production, as supplies from other providers (Russia, Algeria) are uninterrupted, while reserves of liquefied natural gas (LNG) are also available from the utility's Revythoussa isle site.

In an announcement, DEPA said it is in direct contact with its Turkish partner, BOTAS, to ensure the fastest possible resumption of natural gas supplies from Turkey.

Finally, energy giant Gazprom said it increased natural gas shipments to Greece by up to 1.5 million cubic metres a day, beginning in late December, and following a request by Athens. Gazprom said it also increased supplies to Turkey last December by roughly eight million cubic metres a day.

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