Turkey’s Energy and Natural Resources Minister Alparslan Bayraktar has assured the public that natural gas prices will not rise in October or November 2026. Speaking on a live television program on October 18, Bayraktar emphasized that while the government is closely monitoring economic conditions, no immediate price adjustments are planned for the next two months.
The minister highlighted that household natural gas prices remain significantly subsidized, with consumers currently paying around $220 per 1,000 cubic meters. This is a stark contrast to the approximately $1,000 per 1,000 cubic meters that prevails in Europe. Bayraktar noted that government support covers over 50% of the cost at current market prices.
Turkey’s natural gas storage facilities are fully stocked ahead of winter, reaching 100% capacity as early as July. Bayraktar also outlined the country’s plans to boost domestic energy production, including expanding natural gas output from the Black Sea and developing new oil fields. The goal is to reduce reliance on imported energy and increase the share of domestically produced natural gas supplied to households in the coming years.
For consumers, the immediate takeaway is that no natural gas price increase is planned for the next two months. However, the government will continue to monitor costs and budget conditions for future decisions.