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Turkey to sue Iran at international arbitration to cut price for gas

Türkiye Materials 14 March 2012 12:02 (UTC +04:00)
The price for Iranian gas supplied to Turkey is much higher than the market price, that’s why Turkey intends to dispute it after March 16 in the International Court of Arbitration, Anadolu Agency quoted Turkish Minister of Energy and Natural Resources Taner Yildiz as saying on Wednesday.
Turkey to sue Iran at international arbitration to cut price for gas

Azerbaijan, Baku, March 14 / Trend A.Taghiyeva /

The price for Iranian gas supplied to Turkey is much higher than the market price, that's why Turkey intends to dispute it after March 16 in the International Court of Arbitration, Anadolu Agency quoted Turkish Minister of Energy and Natural Resources Taner Yildiz as saying on Wednesday.

"Turkey will not delay an address to the International Court of Arbitration. We will sue Iran after March 16," he said.

Earlier Turkey sued Iran at the International Court of Arbitration over short supply of Iranian gas to Turkey.

In 1996, Iran and Turkey signed an agreement to supply 10 billion cubic metres of gas to Turkey annually (30 million cubic metres per day).

According to the statistical data of the Turkish State Pipeline Corporation Botas, Turkey imported 39.7 billion cubic meters of gas in 2011. Among the exporters of gas to Turkey Russia ranks first, Iran and Azerbaijani follow Russia.

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