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    Reuters: Turkey Sees Gas Price Deal with Gazprom in Two Weeks

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Summary

Though the threat of arbitration was in the air, Turkey expects to reach a gas deal--upon which Turkish Stream is rumoured to hang--with Russia in 2 weeks.

by: Erica Mills

Posted in:

Press Notes

Reuters: Turkey Sees Gas Price Deal with Gazprom in Two Weeks

Turkey and Russia's Gazprom are likely to finalise a deal on natural gas prices by mid-July, Turkish officials told Reuters, after Ankara warned last week it could seek international arbitration if they failed to agree.

Russia, which supplies more than half the gas consumed by Turkey annually, has already agreed to cut prices by 10.25 percent, but Gazprom's additional demands regarding the Turkish Stream natural gas project are delaying the final signature, a Turkish energy official said.

Read the full article HERE.