Turkish officials will meet with the Russian Gazprom’s representatives on December 10 to discuss a discount on the price of natural gas Turkey purchases from Russia, Turkey’s energy minister, Taner Yildiz said.
Turkey is seeking a bigger reduction and aims to clarify a final price by the end of December, Yildiz said.
During an official visit to Turkey last week, President Vladimir Putin said Russia would cut the price of natural gas by 6% starting January 2015. Yildiz said also last week that the 6% discount offered by Putin was not final and discussions between the two countries would continue. Turkey's news agency Anadolu recently reported that Russia may increase the discount rate to 15%, quoting Russian energy minister Alexander Novak.
Turkey is Russian Gazprom's second largest sales market behind Germany. In 2013, Gazprom supplied Turkey with 26.7bn cubic meters of natural gas.
Turkish newspaper Zaman reported that Turkey pays $418/1,000 cubic meters for Russian gas but the price tag for the natural gas Ankara buys from Iran is $487/1,000 cubic meters.
Related Articles
Turkish LPG carrier set on fire during Russian drone attack
A Turkish LPG carrier docked at the port of Izmail, Ukraine, was hit by a Russian drone during an attack, sparking a fire on the vessel, which has now been extinguished. According to the Maritime ... more
Russia in talks to buy 1,000t of Niger uranium amid Sahel realignment, fading French influence
Russia is in talks to purchase around 1,000 tonnes of uranium from Niger in a deal valued at approximately $170mn, according to French security assessments cited by Le Monde. The reported ... more
Russia inks Power of Siberia 2 pipeline memorandum with China and Mongolia
Russia has signed a "legally binding memorandum" on the construction of a second gas pipeline to China, Power of Siberia 2, including a transit branch, Soyuz Vostok, that will run across Mongolian ... more