Volume. 12228

Turkish delegation due in Iran for gas price talks
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c_330_235_16777215_0___images_stories_edim_04_mg1(127).jpgTEHRAN – A Turkish delegation will travel to Iran by Friday to talk with Iranian officials on the pricing of Iranian gas imports to Turkey.
Turkey is one of the largest customers for Iranian oil and a major buyer of its natural gas, with about a fifth of its gas supplies coming from Iran.
Ankara is seeking a discount on gas prices, arguing that they are unsustainable.
But, National Iranian Gas Company Managing Director Hamidreza Araqi says Turkey’s request is not logical, as they neither accept the existing price, nor they will increase the volume of import gas.
“Turkey purchases the most expensive natural gas from Iran among other suppliers,” Turkish Energy Minister Taner Yildiz told reporters on June 14 on the sidelines of a business forum in Ankara attended by Iranian President Hassan Rouhani.
“We believe Iran will go for a discount on the price of the gas because we told them that this is not sustainable,” he said.
The talks will continue to hammer out a formula on the pricing.
Turkey's state-owned pipeline company BOTAS lodged a complaint against Iran at an international court in Switzerland in 2012, arguing that the price paid to Iran for gas imports was too high.
On June 9, Turkish Prime Minister Recep Tayyip Erdogan said Turkey was ready to increase gas shipments from Iran once the dispute was settled.
The two countries are keen on boosting their trade from around $14.5 billion in 2013 to $30 billion in 2015.

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