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Turkey Strikes Deal with Russia's Gazprom for Gas Price Cut

Source: Reuters 2/27/2015, Location: Asia

Turkey has concluded a final deal with Russia's Gazprom that will cut the price of gas it buys from Russia by 10.25 percent, Energy Minister Taner Yildiz said. The deal will not lead to lower domestic gas prices because of the weakness of the lira, Yildiz told reporters in Ankara.

Gazprom, in a statement on Friday, did not mention the price of its supplies but said it had reached a "win-win" agreement on the price of gas for Turkey.

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Related Categories: Coal  Electricity  General  Natural Gas  Oil 

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