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:

Central Bank: the Russian Crowdfunding Market Fell Sharply in 2019
Russian Startups will be Able to Take Part in the Facebook Accelerator
Moscow is Going to Sell 340 Real Estate Items for Small Businesses on Special Conditions
The Fastest Growing Enterprises in Russia
The Skolkovo Foundation Plans to Launch a Program for Start-ups

Comment on our site

RSS   twitter   facebook   submit

Bookmark and Share

search on the map
skiing in Russia  Kolomenskoye  Resource Center of Modern Physics  Russian fashion  Russian Cinema  Russian spacecrafts  Lipetsk Region  Roman Abramovich  Irkutsk Museums  Tel Aviv  Islands  Russian business  Feodor Bobrykin  international cooperation  Books  Zheleznaya Mountain  Dmitry Peskov  Pyotr Kotov  Aleksandra Exter  Exhibitions in Moscow  Kuzma Petrov-Vodkin  tours to Russia  Russian startups  Russian Astronauts  The Arctic  Moscow  travel to Russia  Tula  Russia culture  Russian regions  Kostroma  Kuril Islands  Mercedes-Benz Fashion Week Russia  Red Square  Vladimir Vysotsky  SahArt  Russian Prison  Defence Minister  Russian tourism  education  Bashneft  Russian Dances  Spartak Moscow  Shopping Malls  Russia's foreign debt  Old Russian Towns  Russian medicine  St. Petersburg  Festivals in Moscow  Tver 

Travel Blogs
Top Traveling Sites