Alexander Novak, Russia’s Energy Ministe, is reported to have said that Russia and Turkey have continued talks regarding the price of Russian gas in an interview with Turkey's Hurriyet newspaper.
Turkish pipeline operator, Botas, and and Russia's state gas producer, Gazprom, have long been in dispute regarding gas prices. In October 2015, Botas launched international arbitration proceedings against Gazprom as part of the long-running disagreement. The dispute also led to talks on the joint Turkish Stream natural gas pipeline project being suspended.
Negotiations were halted further when Turkey shot down a Russian jet over the Turkey-Syria border in November 2015. However, talks have since resumed.
He added that the final touches for the agreement – which would allow Russia to pipe natural gas through Turkey – should be completed when President Vladimir Putin meets Recep Tayyip Erdogan in Istanbul today (10 October).
“All of us aim to finalise the works on this intergovernmental agreement right by the meeting of President Putin and President Erdogan on the sidelines of the World Energy Congress,” Novak commented.”
Novak expects the first hearing in the case to be held in 2017.
Read the article online at: https://www.worldpipelines.com/project-news/10102016/turkish-stream-russia-and-turkey-resume-talks/