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Russian Gazprom grants discount to Turkish gas company — source

The source did not provide any figures but said that the parties agreed on the contract adjustments
Headquarters of Russia's natural gas giant Gazprom AP Photo/Alexander Zemlianichenko
Headquarters of Russia's natural gas giant Gazprom
© AP Photo/Alexander Zemlianichenko

MOSCOW, February 27. /TASS/. Russia’s gas giant Gazprom has granted a discount to Turkey’s Botas company, a source close to the companies’ talks told TASS on Friday.

The source did not provide any figures but said that the parties agreed on the contract adjustments.

Before 2003, Russia supplied gas to Turkey through a transit route - via Ukraine, Moldova, Romania and Bulgaria. In 2003, Russia began to export gas to Turkey via the Blue Stream gas pipeline.

Until recently, the state-owned Botas company held exclusive rights to control the gas market in Turkey.

In conditions of the Turkish gas market’s liberalization, the Gazprom Export company agreed to deliver a share of the gas volumes its sells to Turkey to four private companies that obtained the right to import gas to Turkey.

In 2014, Gazprom supplied more than 27 billion cubic meters of gas to Turkey.