Russia-Turkey relations in energy sector rise to strategic level. Russia will reduce by 6% gas price for Turkish consumers from January 1, 2015

Russian-Turkish relations in the energy sector have raised to strategic level, Russian President Vladimir Putin said after talks with his Turkish counterpart Recep Tayyip Erdogan.
Russia will increase gas supplies to the Turkish market by 3 billion cubic meters under the Blue Stream project, Putin said. Russia will reduce by 6% gas price for Turkish consumers from January 1, 2015, Putin said. 

Russia ready to further reduce gas price for Turkey as its strategic partner, Putin noted, adding that the 6% discount on gas price for Turkey is only the first step. The Russia president also said the free trade regime with Turkey is possible.
Putin has vowed the Akkuyu NPP (nuclear power plant) in Turkey will be built in due time, and all safety requirements will be observed. The Akkuyu nuclear plant is being built by Russia’s state-run corporation Rosatom.

South Stream construction

In the current situation, Russia cannot launch the South Stream gas pipeline project, the Russian president noted. However, Russia is ready to build another pipeline transportation system to meet Turkey’s economic needs and create additional gas hub on the border, he stressed. 

• "If this idea is considered to be expedient, we can create an additional gas hub for consumers in southern Europe in the Turkish territory on the border with Greece,” Putin said.

Putin stressed that the EU's position on South Stream project is not constructive. 

• Therefore, energy resources will be re-oriented to other regions and to LNG (liquefied natural gas) projects, he added. 

The Russian president also suggested that Bulgaria demands from EU to repay its loss of profit on the South Stream project.
[ itar-tass.com]
1/12/14
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Turkey’s energy minister to negotiate gas discount with Russia ahead of Putin’s Ankara visit

Turkish Energy Minister Taner Yıldız is expected to meet Gazprom Deputy Chairman Alexander Medvedev to discuss a potential revision of gas prices from Russia to Turkey Nov. 25, ahead of Russian President Vladimir Putin’s visit to the country on Dec. 1.

In addition to a potential revision on the price of gas, the two sides are also expected to discuss the rise in capacity of the Blue Stream, a major trans-Black Sea gas pipeline that carries natural gas from Russia into Turkey, according to a source familiar with the situation.

“This is a process. It does not seem possible for us to decrease gas prices. Negotiations over discounts on prices are always tough. We want to have what we deserve,” said a high level official from the Turkish Energy Ministry.

Any possible revision of gas prices will come into effect on Jan. 1.

“A revision may be secured, though it will be hard. Any possible revision will be announced during Putin’s Turkish visit on Dec. 1,” said another source.

Yıldız asked for a discount on the price of gas Turkey buys from Russia during talks with Medvedev at the beginning of October.

Medvedev said they were working on a detailed price package in line with Turkey’s demand for a discount on the price of natural gas. 
hurriyetdailynews.com -Reuters
25/11/14 
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