Turkey wants to buy gas at lower prices

In Ankara hope that suppliers of gas will offer more competitive prices and will show flexibility if they want extension of long-term contracts on deliveries in total about 16 billion m ³ gas in a year. More than a quarter of long-term contracts on deliveries gas to Turkey expire next year, including contracts with the Russian PUBLIC JOINT-STOCK COMPANY "GAZPROM" and the Azerbaijani State oil company Azerbaidjan, and also the liquefied gas (LNG) from Nigeria. The competition from the American LNG and high potential opportunity for Turkey to start extracting own gas from a bottom of the Black Sea changed dynamics to the gas...