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Turkey urges Iran to make over a 30 percent discount on supplied gas

Oil&Gas Materials 13 March 2014 17:43 (UTC +04:00)

Baku, Azerbaijan, March 13
By Rufiz Hafizoglu - Trend:

Turkey has urged Tehran to make a discount in price of 32.5 percent on gas imported from Iran, Turkish Minister of Energy and Natural Resources Taner Yildiz said in an interview with Sabah newspaper on March 13.

"The gas imported by Turkey from Iran does not differ from the gas which the country buys from other sources," he added.

The agreement on Iranian gas supplies to Turkey was signed in 1996.

In 2013, the Turkish state pipeline company Botas imported 38.42 billion cubic meters of gas from various sources compared to 43.09 billion cubic meters in 2012.

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.

Turkey has contracts with Iran to supply 10 billion cubic meters of gas per year whereas with Russia it is 20 billion cubic meters of gas and with Azerbaijan 6.6 billion cubic meters of gas.
Turkey also has an agreement with Algeria and Nigeria for the supply of 4.4 billion and 1.2 billion cubic meters of liquefied natural gas respectively per year.

Ankara appealed to the International Court of Arbitration on the Iranian gas price in March 2012.

The trial at the International Court of Arbitration over Turkey's suit against Iran on the price of supplied gas will last until late 2014, Turkish Minister of Energy and Natural Resources Taner Yildiz said earlier.

Translated by NH
Edited by SM

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