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Turkey believes Azerbaijan would accept natural gas price proposal - energy minister

Oil&Gas Materials 4 February 2010 08:40
Turkey believes that Azerbaijan will agree to the proposed price for natural gas from Shah Deniz field, Turkish Energy Minister Taner Yildiz told reporters on Wednesday, Anadolu Agency reported.
Turkey believes Azerbaijan would accept natural gas price proposal - energy minister

Turkey believes that Azerbaijan will agree to the proposed price for natural gas from Shah Deniz field, Turkish Energy Minister Taner Yildiz told reporters on Wednesday, Anadolu Agency reported.

"We have offered a reasonable price (for natural gas from Shah Deniz 1) to Azerbaijan and our offer has been accepted," said Yildiz.

Azerbaijan had earlier said that it had been selling natural gas to Turkey at one third of the global prices. However, Turkey said it had purchased natural gas at former rates for only ten months, and later proposed a raise in 2008.

Yildiz said Turkey still insists that its price offer for transit fee and natural gas from Shah Deniz 2 project was reasonable. However, he said this offer has not been accepted yet.

"I believe that Azerbaijan would accept this proposal too," Yildiz said.

Yildiz also said that Turkey asked Iran for a delay on repaying its debt for the gas it ordered earlier.

Yildiz said Iranian and Turkish officials would hold talks on technical issues for a week. And then an agreement is expected, he said.

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