Turkey to apply to Court of Arbitration concerning Russian gas price
Baku, Azerbaijan, June 28
By Rufiz Hafizoglu - Trend:
Turkey may apply to the Court of Arbitration if Gazprom does not announce about the final discount for Botas next week, the Turkish state pipeline company Botas told Trend June 27.
The sides are expected to finally discuss the discount on Russian gas at the beginning of next week, the statement said.
Botas was expecting that Russia would set an acceptable discount of 15 percent for the gas supplied to Turkey in March 2015. But Gazprom agreed to give discount only to private Turkish companies. Over a third of Russian gas imports accounts for those private companies.
The gas discount for Turkey's private sector will near 25 percent in the first quarter and additional 15 percent in the second quarter of 2015.
According to the Turkish media, around 1,000 cubic meters of Russian gas have cost private companies $390 since January 1, 2015.
BOTAS refused Russia's gas offer on March 18. The reason is that the Russian side demanded additional concessions from Turkey on construction of the Turkish Stream pipeline.
Currently, Turkey imports gas from Iran, Russia and Azerbaijan. Ankara also has agreements with Algeria and Nigeria for the supply of 4.4 billion and 1.2 billion cubic meters of liquefied gas per year, respectively.
follow the author on Twitter: @rhafizoglu