A Turkish company has denied the information that Gazprom canceled discounts

A Turkish company has denied the information that Gazprom canceled discounts

To change on its own initiative, the price in the contract or to cancel discounts for Turkish companies “Gazprom” can not, Enerco Enerji announced. According to the representative of the company, to review the terms of the contract need negotiations or international arbitration.

ANKARA, 29 Dec – Alain the creative cluster. Turkish company Enerco Enerji has denied media reports that Gazprom has canceled a previously granted discount of 10.25% for the six private gas companies of Turkey; this was stated by the representative of the company on Friday.

Previously, the Agency Anadolu reported that six Turkish private companies — Enerco Enerji Avrasya gaz, Bosphorus gas, Shell Enerji and Bati Hatti Kibar Enerji, which import in the year 10 billion cubic meters of Russian gas and have a discount from “Gazprom” of 10.25% from 1 January 2015, will no longer be able to use it. According to Agency sources, the discount will once again put on the agenda, when the crisis between Russia and Turkey will be allowed.

“The fact that Gazprom canceled discounts for Turkish companies to 10.25%, effective from 1 January 2015, not true. To change on its own initiative, the price in the contract, and to cancel discounts “Gazprom”. If there is a request for revision of price and other conditions of long-term contracts for the sale or purchase of gas, the parties within six months of negotiating. If the result is not achieved, you may submit to international arbitration, as is currently happening between Botas and “Gazprom”, — said the Agency interlocutor.

In similar processes to achieve the result the parties continue to follow spelled out in the contract conditions, and the gas supplier perform its obligations under the contract, said the representative of Enerco Enerji.


Russian gas arrives in Turkey on two fronts: the TRANS-Balkan gas pipeline and the gas pipeline “Blue stream”, in 2014 the volume of deliveries amounted to 27.4 billion cubic meters with a total consumption of 48 billion. “Gazprom” supplies gas to the Turkish state companies Botas and private companies that obtained the right to import gas in the framework of the Turkish gas market liberalization.

In the spring of 2015 it was reported that “Gazprom” has agreed with the private importers of Turkey to grant them discounts on gas. “Gazprom” has reduced their price retroactively, from 1 January 2015 until the end of the year, Gazprom had to return the part of the importers of already made payments.

However, the Turkish traders were dissatisfied with the results of negotiations with “Gazprom”, as the discussion on prices for 2015 year started late and proved difficult, but in the end the price even with the discount, it was still higher than for Ukraine and Germany.

Discounts on Russian gas in 2015 waited and Botas state. In February 2015, Turkey’s energy Minister Taner Yildiz said that Turkey and Russia agreed on a discount at 10.25%, but Gazprom and Botas were arguing about which component of the formula to apply it. Botas has not received discounts from Gazprom and in October Turkey filed a lawsuit in the Stockholm arbitration with the requirement about reduction of Russian gas price.