Minister: Turkey achieves reduced Russian gas price
Azerbaijan, Baku, Jan.12 / Trend, A. Taghiyeva /
By revising an agreement with Russia on gas supplies, Ankara has managed to achieve reduced gas prices which means the price for Russian gas supplies to Turkey is the same as to Europe, the Hurriyet newspaper quotes Turkish Energy and Natural Resources Minister Taner Yildiz as saying on Thursday.
"Turkey will get additional income from lower prices for Russian gas. If the country failed to achieve it, then the future would mean incurring heavy losses," Mr Yildiz said.
In connection with a trade secret Mr Yildiz did not mention the percentage of reduction of the gas prices,but stressed that the agreement highlighted the regional importance of Turkey.
Last December, Russia and Turkey agreed to extend two long-term gas supply contracts until 2021 and 2025, respectively.
Ltd Gazprom Exportand and Turkish state company Botas have contracts for Russian gas purchase dated Dec.15, 1997 and Feb.18, 1998.