Turkish gas imports exposed to higher costs amid Hormuz disruption

Chart showing higher oil and gas import costs for Türkiye due to the Hormuz crisis

Turkish gas imports could face significantly higher costs if elevated energy prices persist following the disruption of shipping through the Strait of Hormuz. New analysis highlights Türkiye’s heavy dependence on imported natural gas and warns that rising gas prices could add billions of dollars to the country’s energy bill, underlining the continued importance of supply security and import diversification across regional […]

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