Natural gas prices have increased

Energy Journal - The Energy Market Regulatory Authority (EPDK) announced that natural gas prices have increased. Accordingly, due to the increase in natural gas wholesale prices by BOTAŞ, final natural gas sales prices have also been increased in line with budget targets. Natural gas sales prices have increased by an average of 7.86 percent for industrial consumers and nearly 25 percent for residential consumers.

Following Israel's attacks on Iran, natural gas prices rose by around 5 percent in international markets.

The following statements were made in the statement made on the EPDK website :

"Natural gas wholesale prices have been changed in line with budget targets.

In light of BOTAŞ natural gas wholesale prices announced by BOTAŞ on its website, there is an average increase of 7.86% for industrial consumers and 24.6% for residential consumers in final natural gas sales prices.

The new tariffs will be valid as of July 2, 2025.

"It is respectfully announced to the public."

RISE WITH THE ISRAEL-IRAN WAR

Iran has one of the world's largest natural gas reserves. The country has a giant field called South Pars and has an estimated reserve of about 33 trillion cubic meters, ranking third in the world after Russia and Qatar.

On June 13, Israel launched airstrikes as part of Operation Rising Lion against nuclear and military facilities in Iran. Retaliatory missiles and drones came from Iran. Geopolitical tensions in the region escalated during this period. The attacks began pricing in the risk of supply disruptions in the European gas market. Dutch TTF contracts rose by more than 4% to €37.7 per megawatt-hour, the fastest daily increase in five weeks.

Experts believe that the conflict will not reach a level that will affect the Strait of Hormuz and that there will be no serious disruption to Iran's gas infrastructure. In parallel, natural gas prices fell to €35-36 after the ceasefire was announced on June 24.