Turkey may revise prices for Russian gas

Turkish Energy and Natural Resources Minister Fatih Dönmez said that the country is negotiating with the Russian side on long-term contracts in order to reduce gas prices, Angi reports.

“Long-term gas contracts with Russia, Iran, Azerbaijan, signed many years ago, contain clauses according to which consultations and negotiations on prices can be periodically held. There are also other points that can be revised by both the seller and the buyer. Now our colleagues continue to negotiate prices,” he said.

According to him, the start of gas production from a recently discovered field in the Black Sea will reduce gas tariffs in Turkey and reduce the cost of its imports.

“New fields reduce Turkey's energy dependence, but there is no point in announcing a complete suspension of energy imports in the near future. It all depends on the exploration of new promising sites in the Black and Mediterranean Seas. "

As Turkish President Tayyip Erdogan said earlier, the Turkish drilling ship Fatih discovered in the Black Sea the largest gas field in the history of the country with an approximate volume of 320 billion cubic meters.

Turkey is traditionally one of the largest buyers of Russian pipeline gas supplied to the country by Gazprom. However, in recent years, Russian gas sales in the Turkish market have been falling. So, last year they fell by 35% - to 15.5 billion cubic meters, and in the first half of this year, Gazprom reduced gas supplies to the country by 1.7 times compared to the same period last year, to 4.733 billion cubic meters.

Earlier it was reported that Turkey has significantly reduced the share of Russian gas imports.

Tags: Gazprom, contracts, legislation, gas imports, energy market, GTS, drilling, RF, foreign affairs, gas exports, Gas market, negotiations, pipeline, price, agreement, gas supplies, volumes, well, field, infrastructure, energy sector, natural gas, crisis, economy, supplier, consumers

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