AZERBAIJAN DOUBLES GAS RATES FOR TURKEY

/PanARMENIAN.Net/
19.05.2009 13:32 GMT+04:00

/PanARMENIAN.Net/ Azerbaijan will charge Turkey about USD 200-250 per
1,000 cubic meters of gas, compared to USD 120 it charged previously,
APA agency reported citing Turkey’s Haber7 web portal.

The two countries have been in intensive negotiations on the price and
volume of naturals gas Azerbaijan exports to Turkey. Turkey proposes
increasing the volume of gas delivery while Azerbaijan wants to bring
prices close to market prices.

Haber7 said Azerbaijan and Turkey have agreed on the price but are
still negotiating on the increased volume of natural gas from Shah
Deniz Phase 2.

Earlier Azerbaijan said it charged USD 120 per 1,000 cubic meters of
5 billion cubic meters of gas exported to Turkey in 2008.