Instability in Ukraine won’t affect Russian gas import to Turkey

Photo: Instability in Ukraine won’t affect Russian gas import to Turkey / Oil&Gas

Baku, Azerbaijan, March 6

By Rufiz Hafizoglu - Trend:

The instability in Ukraine will not affect the import of Russian gas to Turkey and therefore, Ankara doesn't intend to increase gas supply from Azerbaijan and from other sources, Turkish Minister of Energy and Natural Resources Taner Yildiz said in his interview to TRT Haber TV channel.

Yildiz also stressed that currently there is no problem in supply of Russian gas to Turkey.
In 2013, the Turkish state pipeline company Botas imported 38.42 billion cubic meters of gas from various sources, as compared to 43.09 billion cubic meters in 2012.

Turkey has a contract with Russia on supply of around 20 billion cubic meters of gas.

Gas prices are not officially disclosed, but Turkey buys Iranian gas at $490 per 1000 cubic meters, according to Turkish media. Turkey pays $335 for one thousand cubic meters of Azerbaijani gas which is supplied via the South Caucasus Pipeline (Baku-Tbilisi-Erzurum pipeline). The country pays $425 for 1000 cubic meters of Russian gas.

Over 37.96 billion cubic meters of gas was sold in Turkey's domestic market in 2013 compared to 41.44 billion cubic meters in 2012.

As a result of protests in Ukraine, which began when the government announced the suspension of the preparation of the Association Agreement with the EU, the country's President Viktor Yanukovych was ousted on Feb.22. The Verkhovna Rada (parliament) has approved the new composition of the parliament and is preparing to hold pre-term elections.

On Feb.26 several thousand people participating in two rallies gathered in front of Supreme Council of Crimea. After the escalation of the protest actions in Crimea, the Federation Council supported President Vladimir Putin's appeal regarding the use of the Russian Armed Forces in Ukraine pending "the normalization of the socio-political situation in that country".

Leaders of Canada, France, Germany, Italy, Japan, UK and the U.S., as well as chairman of the European Council and the chairman of the European Commission made a joint statement condemning Russia's position on Ukraine and canceled the preparations for the G8 summit in Sochi, scheduled for June 2014.

Translated by L.Z.

Edited by C.N.

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