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Bloomberg: Gas Flow Interruption from Iran to Turkey - Ankara Denies

Published March 25, 2026, 07:11
Bloomberg: Gas Flow Interruption from Iran to Turkey - Ankara Denies

Uncertainty prevails regarding gas flows from Iran to Turkey, following a Bloomberg report stating that Tehran halted exports after an Israeli strike on the South Pars field on March 18th. Bloomberg cites sources saying the interruption is related to damage to the world's largest natural gas field, which is a significant supplier to Turkey, covering about 13%-14% of its imports. However, Turkish Energy Minister Alparslan Bayraktar categorically denied the information, stating that gas flows from Iran continue normally. Mr. Bayraktar stated that the country's gas storage facilities are 71% full and there is no supply problem. The conflicting estimates highlight the uncertainty surrounding energy flows, during a period of intense military escalation in the Middle East. The Israeli strike on South Pars caused a chain reaction, with Iran responding by striking energy facilities in Gulf countries, including the Ras Laffan complex in Qatar, which produces about a fifth of the world's liquefied natural gas (LNG). The escalation led to strong turbulence in international energy markets, with oil and gas prices rising significantly before a partial de-escalation. Despite the importance of Iranian gas, Turkey still covers its needs mainly from Russia and Azerbaijan, while also having reserves that act as a “buffer” in case of disruptions. Turkish President Recep Tayyip Erdogan assured that the country's economy remains resilient to developments, noting that the government is taking measures to protect consumers from international energy price increases.