Minister: Turkey not satisfied with Iran’s gas prices

Photo: Minister: Turkey not satisfied with Iran’s gas prices
 / Oil&Gas

Baku, Azerbaijan, Jan. 30

By Rufiz Hafizoglu - Trend:

Natural gas prices, offered by Iran, do not satisfy Turkey as they are very high, Turkish Energy and Natural Resources Minister Taner Yildiz said, Turkish TV channel TRT Haber reported on Jan. 30.

He went on to add that currently Turkey and Iran are in talks on gas prices, but no agreement has been reached between the parties.

Commenting on Ankara's appeal to international arbitration over the issue of Iranian gas price, Yildiz said that Turkey's interests in this matter are above everything.

He also said that currently negotiations are underway on the issue of transportation of Iran's energy resources via Turkey to the world markets.

The agreement on supplies of 10 billion cubic meters of gas to Turkey annually was signed with Iran in 1996.

The prices are not officially disclosed, but according to Turkish media outlets, Turkey buys Iranian gas for $490 per thousand cubic meters.

In 2012 Turkey imported 7.5 billion cubic meters of gas from Iran, according to BP statistics.

Earlier Yildiz said that, in 2013 Turkey imported gas from Iran worth $4.5 billion.

Translated by E.A.

Edited by C.N.

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