Turkey appeals to Court of Arbitration over Russian gas prices (UPDATE)

Details added (first version posted on 13:45)

Baku, Azerbaijan, Oct.27

By Rufiz Hafizoglu - Trend:

Turkey appealed to the International Court of Arbitration Oct.26 over the prices for Russian gas supplied to the country, Hurriyet newspaper reported Oct.27.

BOTAS Petroleum Pipeline Corporation of Turkey earlier told Trend that the country may appeal to the Court of Arbitration if Russia's Gazprom company doesn't announce about the final discount for BOTAS.

BOTAS expected in March 2015 that Russia will make 15-percent discount for the gas supplied to Turkey. However, Gazprom agreed to make a discount only for private Turkish companies which account for over one third of imported Russian gas.

Around 25-percent discount was made for gas for Turkey's private sector in the first quarter and additional 15 percent discount - in the second quarter of 2015.

Turkey's private companies have been paying $390 per 1,000 cubic meters of Russian gas since January 2015, according to Turkish media.

BOTAS refused from Russia's gas offer on March 18 since it demanded additional concessions from Turkey on construction of the Turkish Stream pipeline.

Currently, Turkey imports gas from Iran, Russia and Azerbaijan. Moreover, the country has signed agreements with Algeria and Nigeria for supplying 4.4 billion and 1.2 billion cubic meters of liquefied gas per year, respectively.

Edited by SI

---

Follow the author on Twitter: @rhafizoglu

Several facilities put into operation in Iran’s Parand New City
Several facilities put into operation in Iran’s Parand New City
Turkish companies preparing road construction project from mainland Azerbaijan to Nakhchivan
Turkish companies preparing road construction project from mainland Azerbaijan to Nakhchivan
Turkmenistan to organize two charter flights from Russia
Turkmenistan to organize two charter flights from Russia
Loading Bars
Latest
Toshiba says CVC to ‘step aside to await’ guidance over offer
Azercosmos' new platform to provide uninterrupted internet across Azerbaijan
Malta posts 1.3-bln-euro budget deficit for 2020
EU to donate 145,000 Pfizer vaccine doses to Albania
15 generals to ensure transition in Chad after death of President Deby
Indian PM rules out lockdown despite second wave of COVID-19
Turkey reports over 62,000 COVID-19 cases
Azerbaijan's import of cars from Turkey drops
Municipality of Turkey’s Agri province opens tender to buy diesel fuel
Chad leader Deby, key Western ally, killed in battle
Turkish energy company opens tender to build power plant in Istanbul city
Production of Sputnik V vaccine launched in Argentina
CBI allocates $178 m to buy COVID-19 vaccines - CBI chief
Bulk of calculations in Azerbaijan's trade turnover made via FCC - state committee
Azerbaijan limits import of meat products from several countries
Azerbaijan's Azexport portal reveals total value of export orders
Azerbaijani Finance Ministry places medium-term bonds on auction
Opportunities for partnership among SMEs expanding between Azerbaijan and Turkey
Main reason for Georgia's increase of electricity imports revealed
Prices for summer cottages, private houses increase in Baku
Number of client accounts in Azerbaijani banks increasing
Uzbekistan’s 1Q2021 export of fruit and vegetable products slightly down
Azerbaijan's National Depository Center talks another interest payment on SOCAR bonds
Karabakh suffered from Armenian occupation for nearly 3 decades - Turkish MP
Search for missing servicemen continues – Azerbaijani Military Prosecutor's Office
Armenia doesn't comply with clause of Nov.10 statement on restoration of economic and transport ties – Azernews
Support to Eastern Partnership states - key pillar for European Council, Charles Michel says
Azerbaijan joins initiative of single roaming space between Eastern Partnership countries
Turkish Airlines receives permission to operate flights to number of Uzbek cities
Kazakhstan’s KMK Munay decides against paying out dividends for 2020
Kazakhstan's revenues from maritime cargo transport surge
High freight rates significantly raise global prices of commercial ships
Central Bank of Iran allocates funds for import of vaccines
Iran's Energy Exchange announces products to be on sale on April 21
Geostat reveals Producer Price Indices for services in Georgia
Turkmenistan boosts imports of Turkish-made chemicals
Uzbekistan, France agree on deepening interaction in textile industry
Boeing CFO Smith to retire in July
Georgia increase tea import from Azerbaijan
Czech Development Agency talks projects in Georgia
Georgia sees increase in Export Price Index
Domestic Producer Price Index for Industrial Products up in Georgia
Number of oil, gas wells drilled in Iran revealed
Kazakhstan's exports to Bulgaria plummet
Iran's Esfarayen Industrial Complex to increase exports
Azerbaijani payment system to offer instant digital banking cards
Russian iron and steel works company reveals supplies of metal production to Uzbekistan
Baku Higher Oil School organized a webinar on the topic 'Higher Education and Research in the Post-COVID Period' (PHOTO)
PACE can offer support for establishment of lasting peace in South Caucasus - SecGen
Israel's government debt jumped to nearly NIS 1t in 2020
TAP’s gas deliveries for Q1 2021 disclosed
Swiss investments in Azerbaijan concentrated in non-oil sector – Swiss ministry
Azerbaijan names number of vaccinated citizens
Iran to receive vaccine through COVAX
Iran increases salaries for army personnel
Producer Price Index for Industrial Products up in Georgia
Iranian private sector to import 6 million doses of COVID-19 vaccine
Iran to implement extensive and maximum vaccination plan - President Rouhani
Budget provides continued support to Georgian economy - IMF mission
Azerbaijan confirms 2,197 more COVID-19 cases, 1,946 recoveries
Georgia sees decrease in external debt
Pakistan always supports Azerbaijan's just position - Pakistani Admiral
Bahar Azadi gold coin price still falling in Iran
Chairman of Iran Tea Organization talks about tea growing
Russia ready to help Kazakhstan in construction of nuclear power plant
Israeli journalists visit roadside inn in Azerbaijan’s Fuzuli, turned into barn by Armenians during occupation (PHOTO)
Uzbekistan taking additional measures to develop karakul sheep breeding
US company to build cannabis farm in Uzbekistan
France’s Orano to develop new mining sector in Kazakhstan
National Bank of Georgia remains focused on achieving its inflation target
Azerbaijan's International Bank discloses 1Q2021 net profit
Turkmenistan joins WIPO Patent Law Treaty
Armenia outraged by Russian PACE delegates refusal to discuss so-called "issue of POWs”
Electricity generation of Iran's hydroelectric power plants to decline
Azerbaijan's 1Q2021 polyethylene production slightly down
Russian Railways to build high-speed railway entries to Moscow, St. Petersburg by 2024
UAE central bank extends some stimulus measures until mid-2022
President Aliyev interviewed by Azerbaijan Television (PHOTO)
Important to observe int’l law to avoid such conflicts as Karabakh one in future - Chancellor of Germany
UK eases post-Brexit controls on vehicles taking goods to the EU
PayPal's Venmo launches crypto buying and selling
Iran's shares data on sale of public assets
President Ilham Aliyev attends inauguration of Azersun Shamakhi Agropark in Hajigabul (PHOTO)
Iran expects revival of JCPOA in short term
Liabilities of International Bank of Azerbaijan increase
Sinovac supplied 260 mln COVID-19 vaccine doses globally
Azerbaijan names number of foreign visitors in 1Q2021
Elbit Systems awarded $41m US Marines night vision deal
Price of wheat purchased from farmers in Iran increases
President Ilham Aliyev launches 110/35/10 Kv “Garasu” substation in Hajiqabul (PHOTO)
Baku-Tbilisi-Ceyhan’s oil transportation to Turkey down y-o-y
Kazakh oilfield construction company opens tender to buy pipes
SOCAR sums up Kulevi oil terminal’s Q1 2020 performance
Total assets of International Bank of Azerbaijan increase
Iran declares value of exports from cooperative enterprises in Razavi Khorasan Province
Uzbekistan plans introducing charter flights to popular destinations
Companies from Russia’s Smolensk begin to export products to Azerbaijan
Iran reveals COVID-19 data for April 20
Amount of registered Iranian companies in Turkey down
Khazar Consortium in Turkmenistan opens tender for equipment purchase
All news