BOTA

Gazprom Export, the exporting arm of Russian gas giant Gazprom, said on April 13 it has agreed 2016 gas prices with seven private Turkish importers, but a pricing spat with Turkish pipeline operator Bota? has still not been resolved.

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

Russia's Gazprom has said all commercial conditions for a contract with Turkey's state-owned crude oil and natural gas pipeline company Bota? had been agreed. 

"The price might be agreed to by the end of June," said Gazprom deputy head Alexander Medvedev on June 9, as quoted by Reuters. 

Russian energy giant Gazprom, after months of negotiations, has agreed to provide discounts on Russian gas to private Turkish companies, the Kommersant newspaper reported May 5.

According to sources, the parties agreed to reduce the price from $374 to $300 per 1,000 cubic meters in the first quarter of the year. In the second quarter, the price will be reduced to $260.

Turkey and its partners in the Trans-Anatolian Natural Gas Pipeline (TANAP) will hold talks with "one or two" foreign companies for possible partnerships, Turkey's Energy Minister said on May 4.

Energy Minister Taner Y?ld?z said he could not name the companies involved, as they were publicly traded in an energy panel in Istanbul. 

The Trans-Anatolian Natural Gas Pipeline (TANAP) project expects BP to resolve outstanding issues soon to become a stakeholder in the multi-billion dollar project that aims to reduce Europe's reliance on Russian gas, a TANAP official said on late March 11.

Turkey has secured a discount of 10.25 percent in the price of what it pays for Russian gas, but consumers won't see any changes in their utility bills due to the current weakness of the Turkish Lira, Energy Minister Taner Y?ld?z said on Feb. 27.