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
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