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The Turkish gas market: demand to reach 57BSm3 in 2023

The Turkish gas market is set to reach 56-57BSm3 in 2023, slightly below the 58.8 BSm3 recorded in 2021. Revived power demand and colder winter conditions could drive consumption slightly higher. The situation now depends on trends in the economy and electricity demand, with recent inflows into reservoirs unlikely to allow much protracted recovery in hydro output. However, if the economy pauses as a result of current stresses and gas-fired power consumption remains weak, a lower figure could be recorded, this being around 51BSm3.

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