Russia's Gazprom Presses on with Turkey Pipeline Despite Questions

Gazprom supplied Turkey with a total of 967 Bcf of gas last year split between two routes: the offshore Blue Stream pipeline and the Transbalkan pipeline, known as the Western line in Turkey.

Ankara secured a 10.25 percent gas discount in late February for the Russian gas but is pressing for more now. Gazprom is forecasting an average gas price for Europe, including Turkey, of $242 per 35,314 cubic feet this year.

Turkey also wants a new price for the gas it will get via its portion of the Turkish Stream, sources in Turkey say.

"The last word for Turkey has not been said yet," a senior Turkish official said. "There are two important points for Turkey here: the insufficiency of the 10.25 percent reduction Gazprom is giving to us. This should be close to 15 percent."

A Turkish energy sector insider with knowledge of the project confirmed that this was Turkey's stance.

The first source also said that Turkey wanted a new price for when the new pipeline was brought on stream.

"There is intense traffic of meetings but the final point has not been reached," a Turkish energy insider with the knowledge of the Turkish Stream said.


12345

View Full Article

Most Popular Articles