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Turkey turns down Russia’s gas supply discount offer (UPDATE)

Oil&Gas Materials 17 March 2015 14:51 (UTC +04:00)
Turkey turned down the gas offer of Russia.

Details added (first version posted on 14:11)

Baku, Azerbaijan, March 17

By Rufiz Hafizoglu - Trend:

Turkey turned down the gas offer of Russia, the Turkish newspaper Aktifmedya reported March 17.

Turkish company Botas declined to sign an agreement with Russia's Gazprom on a 10.25-percent discount on the Russian gas supplied to Turkey. The refusal to sign the agreement came due to that the discount rate proposed by Russia doesn't suit Turkey.

Turkey is expected to appeal to the arbitration court with regard to the discount for the supplied Russian gas.

On Feb. 27, Turkish Energy and Natural Resources Minister Taner Yildiz said Moscow and Ankara agreed on a 10.25-percent discount on the Russian gas supplied to Turkey.

Yildiz said in 2014 that Turkey intended to get a 15-percent discount for the gas supplied to the country from Russia by late 2014. Moreover, Yildiz said on Dec. 3, 2014 that Turkey continues the dialogue with Russia on reducing the prices for Russian gas.

He said that the gas price offered by the Russian side to Turkey is not the final price and expressed hope that the sides will discuss the prices for gas soon.

Previously, Turkish Prime Minister Ahmet Davutoglu said Turkey urges Russia to increase its discount for gas supplied to the country.

As Davutoglu noted, after Russian President Vladimir Putin said Turkey will get a six-percent discount for Russian gas to be supplied to the country from January 2015, Turkey demanded an increase of this discount.

He said Ankara hopes that Russia, taking into account Turkey's needs for natural gas, will make an additional discount.

Russian President Vladimir Putin said during a visit to Turkey on Dec. 1, 2014 that Turkey will get a six-percent discount for Russian gas to be supplied to the country from January 2015.

Russia is the main supplier of natural gas to Turkey. Around 26.7 billion cubic meters of gas was supplied to Turkey from Russia in 2014, and it is planned to increase this figure to 30 billion cubic meters in 2015.

Edited by SI

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Follow the author on Twitter: @rhafizoglu

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