Russia's Gazprom, Turkey's Private Firms Settle Gas Pricing Dispute

© Sputnik / Mikhail Voskresenskiy / Go to the mediabankGazprom office building
Gazprom office building - Sputnik International
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Russian energy giant Gazprom and private Turkish companies have settled pricing disputes for Russian natural gas, a source familiar with the matter told RIA Novosti on Wednesday.

MOSCOW (Sputnik) – The source said the settlement had been reached not long ago and that an announcement would be forthcoming imminently, without elaborating further.

Russia's energy giant Gazprom - Sputnik International
Gazprom: Turkey Second Largest Consumer of Russian Gas in 2015
Gazprom works with at least seven private Turkish gas companies, including Bati Hatti, Kibar Enerji and Shell Turkey in addition to the state-owned Botas. The Russian company agreed with the private firms, including Bosphorus Gaz and three affiliates of Akfel Holding, in late April 2015 to provide retroactive discounts of 10.25 percent.

Enerco Enerji said in early March 2016 that Gazprom Export reduced its gas supplies to Turkey and canceled a 10.25-percent price discount. The companies in question reportedly import 10 billion cubic meters of Gazprom's gas a year out of a total of 27 billion imported by Turkey from Russia.

Turkish press cited sources in local gas importing companies saying last month they did not rule out filing an international lawsuit against Gazprom because of the discount cancellations.

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