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Turkey may sever gas contracts with Russia, if no discount is agreed on

September 29, 2011, 17:59 UTC+3
Energy Minister Taner Yildi recalled that over the past 29 months natural gas prices rose 39 percent
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ANKARA, September 29 (Itar-Tass) —— Turkey may sever gas contracts with Russia, if discounts on fuel supply fail to be agreed on, Energy Minister Taner Yildiz told a symposium on the exploitation of mineral resources on Thursday.

"The operation of our agreements for the supply of gas through the western corridor is expiring later this year. We import much of oil and gas. In this regard we have requested from the Russian side a discount on the gas being supplied along the western corridor. If Russia does not offer a discount that will satisfy us, we tend to raise the question of terminating the contract," Yildiz said.

He recalled that over the past 29 months natural gas prices rose 39 percent.

Yildiz said that in view of the rising prices Ankara intended to seek partial reduction of the purchase price of oil and gas.

"Specifically, we shall analyze every agreement in this area that is expiring. Among them contracts for supply through the western corridor," said Yildiz. He again pointed out that without a discount Turkey would not renew the agreement.

 

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