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Russian Gazprom grants discount to Turkish gas company — source

February 27, 2015, 16:44 UTC+3 MOSCOW
The source did not provide any figures but said that the parties agreed on the contract adjustments
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Headquarters of Russia's natural gas giant Gazprom

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.

Infographics Russia's gas pipelines to Europe by 2018 Russia's gas pipelines to Europe by 2018

Russia's gas giant Gazprom intends to completely abandon gas supplies to Europe through Ukraine after 2018 with the help of a new pipeline to Turkey. Infographics by TASS

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