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Minister: Ankara may prefer importing Iraqi gas rather than Iranian, Russian or Azerbaijani

Oil&Gas Materials 6 February 2014 14:21

Baku, Azerbaijan, Feb. 6
By Rufiz Hafizoglu - Trend:

Ankara may prefer Iraqi gas rather than that imported from Iran, Russia and Azerbaijan, Turkish Minister of Energy and Natural Resources Taner Yildiz was quoted today by Turkish newspaper Haberler as saying.

As Iraq borders with Turkey, payment for the gas imported from this country is less than the gas imported from Iran, Russia and Azerbaijan.

Iraq's Kurdish autonomy plans to export gas to Turkey in late 2016, while the initial volumes of gas supplied to Turkey will reach 20 billion cubic meters per year.

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. Turkey buys Iranian gas at $490 per 1000 cubic meters, according to Turkish media. The country pays $335 per 1000 cubic meters for Azerbaijani gas supplied via the South Caucasus gas pipeline (Baku -Tbilisi-Erzurum) and Russian gas costs $425 per 1000 cubic meters for Turkey.

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

Translated by NH
Edited by SM

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