TR Economy & Updates

[Rodeo]

Turkey hikes natural gas prices for power plants, industry by 47-48%

Turkey raised the price of natural gas used by power plants by 47% and the price of gas used by industry by 48%, while consumer gas prices remained unchanged, the state energy company Botas said on Monday.

www.reuters.com

Natural gas prices are increased by 48% for the industry and electricity producers. Even though, for consumers it's not increased, this will affect electricity and other prices.

Good grief! Isn't that a bit excessive? As far as i know, we're buying gas on a fixed price. They can't just hike up the price, right?

 

[what]

Good grief! Isn't that a bit excessive? As far as i know, we're buying gas on a fixed price. They can't just hike up the price, right?

Fixed in dollar and lots of it is from LNG which is usually paid in spot market prices, so high right now.

 

[Manomed]

growth doesn't bring food to my table

 

[HTurk]

growth doesn't bring food to my table

But contraction does?

 

[Manomed]

But contraction does?

nah everything is still expensive af electricity etc foods

 

[Xenon54]

Turkey hikes natural gas prices for power plants, industry by 47-48%

Turkey raised the price of natural gas used by power plants by 47% and the price of gas used by industry by 48%, while consumer gas prices remained unchanged, the state energy company Botas said on Monday.

www.reuters.com

Natural gas prices are increased by 48% for the industry and electricity producers. Even though, for consumers it's not increased, this will affect electricity and other prices.

Which means electricity price will increse instead, what a genious goverment we have...

 

[Lool]

Turkey hikes natural gas prices for power plants, industry by 47-48%

Turkey raised the price of natural gas used by power plants by 47% and the price of gas used by industry by 48%, while consumer gas prices remained unchanged, the state energy company Botas said on Monday.

www.reuters.com

Natural gas prices are increased by 48% for the industry and electricity producers. Even though, for consumers it's not increased, this will affect electricity and other prices.

Does anyone know why such drastic measures are beinG applied?
I dont think that Turkey is in dire state to impose such a massive price hike
I mean its a massive 48% after all

 

[Xenon54]

Does anyone know why such drastic measures are beinG applied?
I dont think that Turkey is in dire state to impose such a massive price hike
I mean its a massive 48% after all

Hmm, maybe its time to think again then.
Maybe Turkey is indeed in such a dire state after all.

 

[TheInsider]

October exports =20.8 billion $
October imports =22.27 billion $
Export/Import ratio = %93.3

We missed 1 billion $ export due to holiday on 29 October.

 

[Turko]

Europe and Turkey use different contract pricing methods.

AFAİK our gas contracts are subject to oil prices and long term.

Europe is using contracts of spot markets.

So if gas and oil prices are high in January, Turkish consumers will meet new prices.

 

[Turko]

October export=20.8 billion $
October import=22.27 billion $
Export/Import ratio= %93.3

We missed 1 billion $ export due to holiday on 29 October.

Nothing to worry. still you have 2 long holidays in front. Next Ramadan and Eid holidays you can work.
Also you could compansate it dropping interest rates to make Turkish labours cheaper in order to increase slavery.

 

[Lool]

October exports =20.8 billion $
October imports =22.27 billion $
Export/Import ratio = %93.3

We missed 1 billion $ export due to holiday on 29 October.

Can we expect a surplus next year
If these numbers are anything to go by and considering that turkish exports may be boosted even further, then is it probable to see a trade surplus next year?

 

[Lool]

Neither you Albanians nor Turkey can expect it.

Calm down man
Iam just inquiring about a statement
Considering the numbers, wouldnt it be feasible?

 

[Xenon54]

Calm down man
Iam just inquiring about a statement
Considering the numbers, wouldnt it be feasible?

Maybe if there is not a major political turmoil though i dont understand why everybody is fixed on these numbers when other indicators are mich more important right now.

 

[Turko]

Maybe if there is not a major political turmoil though i dont understand why everybody is fixed on these numbers when other indicators are mich more important right now.

I'm more interested in if Türkish economy is in G20 next year . Because currently we are out of the club .

 

[TheInsider]

Türkiye will be an exporter country in 2-4 years. A surplus next year seems difficult we need a jump as high as we have been doing this year. But we will see there is certainly a slim chance.

 

[TheInsider]

Maybe if there is not a major political turmoil though i dont understand why everybody is fixed on these numbers when other indicators are mich more important right now.

No, the most important thing in a country is how well its companies are doing. Average people are secondary. Sad but true. Nowadays, companies like Tosyali, Arçelik, Beko, defense industry giants, Koç Holding are investing like there is no tomorrow.

 

[Xenon54]

No, the most important thing in a country is how well its companies are doing. Average people are secondary. Sad but true. Nowadays, companies like Tosyali, Arçelik, Beko, defense industry giants, Koç Holding are investing like there is no tomorrow.

No, thats where ypu guys are wrong, the most important are the tax paxing middle class, you want to destroy a economy? Destroy the middle class as AKP does.

 

[TheInsider]

There won't be a strong middle class without strong companies. In fact, without strong companies, there will be no economy.

 

[Turko]

We are going to do, we will do soon, next year, following quarter, 2023, 2053,2453 etc.