Announcement

Collapse
No announcement yet.

Turkey, Azerbaijan Haggle Over Gas Price

Collapse
X
 
  • Filter
  • Time
  • Show
Clear All
new posts

  • Turkey, Azerbaijan Haggle Over Gas Price

    TURKEY, AZERBAIJAN HAGGLE OVER GAS PRICE

    PanARMENIAN.Net
    26.09.2008 18:23 GMT+04:00

    /PanARMENIAN.Net/ They may be cultural cousins and strategic allies,
    but when it comes to energy exports, it's strictly business between
    Turkey and Azerbaijan. The two countries continue to bicker over
    the price and volume of natural gas to be transported by the
    Baku-Tbilisi-Erzurum pipeline in 2010, Eurasianet reports.

    According to Turkish media, Azerbaijan is dissatisfied with the price
    that Turkey wants to pay for gas deliveries. Details, such as the exact
    price and volume under discussion, have not been made public. News of
    the difficulty in the Turkish-Azerbaijani talks comes amid a push by
    the Russian state-controlled conglomerate Gazprom to secure a major
    increase in the amount of gas that it imports from Azerbaijan. The
    Russian company has reportedly offered to pay roughly $300 per thousand
    cubic meters of Azerbaijani gas, according to informed sources.

    In comments broadcast September 22 by the ANS television channel in
    Baku, Energy Minister Natik Aliyev revealed that Gazprom had made
    "attractive offers." He went on to indicate Baku intended to keeps
    its options open in response to changing global circumstances. "Due
    to events happing in the world today, we keep a very flexible policy
    in regards to security, reliability of energy corridors. Azerbaijan
    has many options," Aliyev said.

    "All offers must be considered to ensure that not only Azerbaijan's
    economic, but also political interests are satisfied," Aliyev
    continued.

    The Baku-Tbilisi-Erzurum (BTE) route is a key part of a nascent Caspian
    Basin energy network that operates beyond Russian control. Despite
    the snag concerning BTE, Turkey and Azerbaijan continue to talk
    about collaborative ventures. On September 9, for example, Turkish
    and Azerbaijani confirmed their mutual intention to move ahead with
    the long-planned Nabucco pipeline project.

    From: Emil Lazarian | Ararat NewsPress
Working...
X