Turkey Could Double Gas Imports from Iran if Price Issue Resolved

Turkey’s imports of Iranian natural gas could double if price related issues could be settled, Turkey's Energy Minister Taner Yildiz told news agency Reuters on Thursday.

Yildiz was on a visit to Iran where natural gas related issues were discussed. However, according to Reuters, two countries are still far from finding common ground on price of gas.

Turkey has claimed that price of gas exported by Iran is high so much so that the Turkish state-owned Petroleum Pipeline Corporation (BOTAŞ) applied to an international court of arbitration in 2012 to help reduce the price of Iranian gas.

But Iran has offered to sell more gas to energy-hungry Turkey, and the offer is being considered, Yildiz told Reuters.

"We have not found their price offer satisfactory at this stage. Obviously, without the price being agreed upon, we can't sign such a deal. Our teams will continue to work on this," Yildiz said.

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