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Turkey Wants Discount for blue stream Gas

Turkey Wants Discount for blue stream GasTurkey Wants Discount for blue stream Gas

Turkey expects to receive additional gas volumes via the Blue Stream pipeline with a discount, Turkish Energy Minister Taner Yildiz said on Wednesday.

“We have sent our proposals to Gazprom concerning the discount for gas, and we hope that Gazprom will take these proposals into account,” he was quoted by Itar Tass as saying. Gazprom may launch additional gas supplies to Turkey via Blue Stream in early 2016, Yildiz said.

Russia and Turkey are currently working out economic and technical conditions for increasing gas supplies via Blue Stream by 3 billion cubic meters. Russia is currently discussing plans to increase natural gas supplies to Turkey via the Blue Stream pipeline, a statement issued after a session of a Russian-Turkish intergovernmental commission said on Wednesday.

The sides noted that an assessment into the economic efficiency of the needed investment has to be completed before taking a balanced decision on boosting the gas supplies through the major trans-Black Sea gas pipeline.

Russia stressed that works to complete the modernization of an entry section of the Durusu Terminal in Turkey are a necessary condition for ensuring the increase in Russian gas supplies via the pipeline. The parties expressed readiness to contribute to a speedy modernization of the terminal and pledged to swiftly agree on simplified customs processing for supplies of the necessary equipment.

The Blue Stream gas pipeline, commissioned in December 2002, has a total length of 1,213 kilometers (754 miles). As of March 2014, the amount of gas supplied via Blue Stream since February 2003 totaled 100 billion cubic meters.

 

Financialtribune.com