Friday, February 26, 2016

Gazprom cutting gas supplies to Turkey by nearly a quarter.


Gazprom cutting gas supplies to Turkey by nearly a quarter. (RT).

The already strained relations between Moscow and Ankara have taken a turn for the worse. Gazprom has cut gas supplies by nearly a quarter after failing to reach an agreement with Turkish importers on discounts for Russian natural gas.

Delivery is down 23 percent, compared to the same period last year, Interfax reports, quoting data from Bulgarian gas operator Bulgartransgaz that processes about 50 percent of Russian gas going to Turkey.

According to the news agency sources, the reduction is linked to a price dispute between Gazprom and Turkey's private gas importers.

Business daily Kommersant’s sources say Gazprom stopped giving the discount at the beginning of the year. For January deliveries, Turkish companies had to pay at a higher price, but on the payment date of February 21 they only paid the discounted price.

As a result, Gazprom has cut the volume delivered by the size of the underpayment. Read the full story here.



No comments:

Post a Comment

Related Posts Plugin for WordPress, Blogger...