18.7 C
Frankfurt am Main

Iranian gas flow to Turkey halted after South Pars strike: report

Must read

Iran has suspended natural gas exports to Turkey following an Israeli strike on the South Pars gas field last week, Bloomberg reported, citing people familiar with the matter.

The duration of the disruption remains unclear, according to the report, while Turkey’s Energy Ministry declined to comment.

Turkey sourced about 14 percent of its natural gas from Iran last year, according to data from the Turkish Natural Gas Distributors Association.

Despite the halt, Ankara continues to receive gas from its main suppliers, Russia and Azerbaijan, and has reserves available to manage supply, Bloomberg said, citing the same sources, who spoke on condition of anonymity.

Israel targeted the South Pars field, the world’s largest natural gas reserve, with ownership of the field shared by Iran and Qatar, on March 18. Iran later responded with strikes on energy infrastructure in the Persian Gulf, including facilities linked to liquefied natural gas production in Qatar.

The developments come amid an expanding regional conflict that began with US and Israeli strikes on Iran on February 28. Since then, NATO air defense systems have intercepted multiple missiles entering Turkish airspace, pointing to the spillover risk for Turkey.

Iran has denied targeting Turkey, saying it respects the country’s sovereignty.

The disruption in Iranian gas flows could have implications for regional energy markets and Turkey’s energy balance, although no official assessment has yet been released.

More News
Latest News