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DEPA: Greece, Turkey should have no gas debt dispute

Oil&Gas Materials 15 September 2011 13:57
There should be no gas debt dispute between Greece and Turkey, DEPA said.
DEPA: Greece, Turkey should have no gas debt dispute

Azerbaijan, Baku, Sept. 15 / Trend V. Javoronkova /

There should be no gas debt dispute between Greece and Turkey, DEPA said.

Negotiations on pricing and access arrangements are reaching a conclusion. Reports of outstanding debts between Greece and Botaş are premature and unwarranted.

In response to recent media reports about negotiations between DEPA and Botaş, DEPA issued the following statement:

"DEPA has complied fully and in utmost good faith with its obligations under the contract with Botaş. DEPA has confirmed its preparedness to pay Botaş the revised contract price for the full period of its effect and to be invoiced accordingly immediately. DEPA has also provided for this in its financial statements. There ought to be no dispute between the parties. But Botaş has claimed an additional revision of the price, also with retroactive effect, based on grounds which are factually unsubstantiated. DEPA is confident in its position and looks forward to continuing its close and productive relationship with Botaş."

Botaş supplies part of gas that Turkey receives from the Azerbaijani Shah Deniz field.

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