Add to favorite
Subscribe to our Newsletters Subscribe to our Newsletters Get Daily Updates RSS

Russia and Turkey are prolonging gas contracts
30.12.2011 08:46
Russia and Turkey are prolonging gas contracts
Taner Yildiz and Alexey Miller.

Officials of Russian Gazprom and Turkish Botas sign commercial documents on gas supplies to Turkey in 2012.


The sides signed an addendum to the Gas Purchase and Sale Contract of 1997 (supplies via Blue Stream) as well as an addendum to the Contract of 1998 (supplies via the Western Route).


The addenda set out the amounts and key commercial terms and conditions for gas supplies from Russia to Turkey in 2012. The signed documents allow increasing contractual supplies to Turkey in 2012 as well as replenishing the Turkish market with required amounts of Russian gas.


The parties pointed out the prompt development and mutually-beneficial nature of the Russian-Turkish partnership in the gas sector. They also highlighted that today's agreements laid a solid foundation for the cooperation deepening in the mid- and long-term perspective.


Cooperation in the gas sector between Russia and Turkey commenced in 1984 when the Governments of the Republic of Turkey and the USSR signed the Agreement on Natural Gas Supply to Turkey.


In 2011 Gazprom's minimum contractual obligations gas supplies to Turkey make up 24 billion cubic meters, however, according to preliminary data, the actual export amount for Turkey is expected to reach 25.8 billion cubic meters. Natural gas is exported to Turkey via two routes: the Trans-Balkan gas pipeline and the Blue Stream gas pipeline. Turkey is the world's second largest purchaser of Russian gas after Germany.


Photo by RIA Novosti



Author: Irina Fomina

Tags: Gazprom     

Next Previous

You might also find interesting:

Comment on our site

RSS   twitter      submit

Butovskaya Line  cats  Tatarstan  Economic Forum  Rostov-on-Don  Science  Russian directors  Graphics  Shopping in Kazan  space  Art Criticism  Archeopark  Russian Metro  VR Jazz Fest  Moscow City  Sochi Games   Moscow  Russian business  Russian science  Russian football  Buddhist temple  Yuri Senkevich  La Pushkin Theatre  State Russian Museum  Pavel Chistyakov's Memorial Estate  Russian Cinema  Russian winter  Elena Kamburova  Pskov  Yevsey Yakimov  Russian TV channels   Russian Rock Music  Christmas Fairs  Domodedovo Airport   Russian journalists  St. Petersburg  Mercedes-Benz Fashion Week Russia  The Romanov Family  Russian legislation  Russian scientists  Russian fashion designer  Exhibitions in Moscow  Suzdal  Russian tourism  Tula Region  Yulia Vysotskaya  Ukraine  North Caucasus  Art Exhibitions  Russian economy 

Travel Blogs
Top Traveling Sites