Russia may reduce price of natural gas it sells to Turkey.

By bne IntelliNews May 14, 2010

Local dailies report that Russia may reduce the price of natural gas it sells to Turkey around 10-11% but the sides have not reached a final agreement on the price and negotiations are still underway. If Russia cuts the price of the natural gas Turkey's natural gas imports bill may decline USD 7.5-8bn over the next 15 years, according to the dailies.

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