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Gas Price May Go Up If Azerbaijan And Turkey Reach Accord

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  • Gas Price May Go Up If Azerbaijan And Turkey Reach Accord

    GAS PRICE MAY GO UP IF AZERBAIJAN AND TURKEY REACH ACCORD

    news.am
    Nov 23 2009
    Armenia

    Azerbaijan and Turkey will reach an agreement on gas supply this
    December. Presently, the sides already agreed on a number of issues
    and the signing of a treaty is expected, where the gas price for the
    next year will be set, 1news.az reports.

    "The talks with Turkish Botas Company continue and in case the
    agreement on gas price is reached, the experts do not rule out the
    possibility that price will increase by 70% in domestic market. If
    gas is purchased at U.S. $250-260, the price in domestic market will
    go up to U.S. $280-290," the website reads.

    Azerbaijan started claiming about the increase of gas price after
    Armenia-Turkey Protocols signing, though it says not a single word
    of Karabakh issue.
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