Gazprom may exit domestic Turkish natural gas market - RUSSIA TODAY

Pioneering Spirit, the vessel to construct the offshore part of the Turkish
Stream gas pipeline passes Istanbul on May 31, on the way to Russia 

28 Jun, 2017 09:43

Russian gas monopoly Gazprom is expected to leave the Turkish market and will concentrate on gas sales to Turkey, reports business daily Kommersant.

Gazprombank is completing the withdrawal from Promak, a company which owns a 60 percent stake in the two importers of Russian gas to Turkey - Enerco and Avrasya, the newspaper writes.

Gazprom Deputy Chairman Aleksandr Medvedev said the company plans to sell another Turkish asset - Bosphorus Gaz.

According to Medvedev, the Turkish market is "unpredictable" and loses appeal due to the weakening of the lira and regulated tariffs. Kommersant’s sources in the industry said Bosphorus lost about €100 million in 2016.

Gazprom May Start Price Dispute With Turkey-Based Private Gas Importers - SPUTNIK NEWS

 © Sputnik/ Mikhail Voskresenskiy

13.01.2017, 11:22

Russia's state-owned gas exporter Gazprom plans to initiate a trade dispute via international arbitration with its private gas import partners in Turkey, local media said Friday.

MOSCOW (Sputnik) – The company's Gazprom Export subsidiary has already prepared documents needed to file the lawsuit in what is a dispute over prices for 2017, the Kommersant newspaper reported, citing sources from Gazprom and Turkey. 

The lawsuit, likely to be filed at the Arbitration Institute of the Stockholm Chamber of Commerce, will involve private companies importing Russian gas to Turkey, including Akfel Gas, Enerco Enerji, Avrasya gaz, Bosphorus gaz, Shell, Bati Hatti and Kibar Enerji, according to the publication. 

The companies had rejected a Gazprom price offer, which involved settling for a temporary arrangement, above 2016 levels, lasting until the company settles its ongoing dispute with Turkey's state-owned BOTAS Petroleum Pipeline Corporation. 

Russia cuts deliveries to Turkey's private importers - NATURAL GAS EUROPE

February 25th, 2016

Turkey’s energy minister has confirmed that Russian giant Gazprom has cut gas deliveries to Turkish private companies by 10% over a price dispute. State Anadolu agency reported February 25 that the dispute over prices emerged after Gazprom cancelled a 10.25% discount for private companies in Turkey, which it announced January 29, about a year after it was introduced.

Enerco Enerji, Bosphorus Gaz, Avrasya Gaz, Shell, Batı Hattı, and Kibar Enerji import gas from Russia in line with an agreement signed in 2012. Turkey imports 28-30bn m³/yr from Russia, of which private companies take 10bn m³/yr.