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    Today's Zaman: Ankara Seeks More Than 10.25 pct Discount in Russian Gas

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Summary

Turkish Energy Minister Ali Rıza Alaboyun has said that Turkey is seeking a discount of more than 10.25% in its arbitation case against Russia's Gazprom

by: Erica Mills

Posted in:

Press Notes

Today's Zaman: Ankara Seeks More Than 10.25 pct Discount in Russian Gas

Turkey is seeking a price discount of more than 10.25 percent for Russian gas at international arbitration, Turkish Energy Minister Ali Rıza Alaboyun told Reuters, but said Ankara may drop the case if Moscow agrees to the discount.

Turkey said in February it struck a deal giving it a 10.25 percent price discount on gas from Russia's Gazprom but that accord was not signed and state pipeline operator Botas said last week it had appealed to the International Chamber of Commerce (ICC) after months of fruitless talks.

Read the full article HERE.