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Turkey files lawsuit against Iran

Oil&Gas Materials 31 January 2012 14:22 (UTC +04:00)
Turkey has filed a lawsuit against Iran today in the International Arbitration Court to challenge the price on gas imported from the country, the TRT Haber channel said today.
Turkey files lawsuit against Iran

Azerbaijan, Baku, Jan. 31 / Trend A. Taghiyeva /

Turkey has filed a lawsuit against Iran today in the International Arbitration Court to challenge the price on gas imported from the country, the TRT Haber channel said today.

Iran has not agreed to Turkey's demand to reduce the price on gas supplied to this country, Turkish Energy and Natural Resources Minister Taner Yildiz said earlier.

In 1996, Iran and Turkey signed an agreement to supply 10 billion cubic meters of gas to Turkey annually (30 million cubic meters per day). In 2011, Iranian gas exports to Turkey increased 12 percent compared to 2010. The figure hit 24 million cubic meters of gas per day.

According to statistics from the Turkish State Pipeline Company Botas, Turkey imported 39.7 billion cubic meters of gas in 2011.

Russia ranks first, followed by Iran and Azerbaijan among exporters of gas to Turkey.

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