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Turkey Natural Gas Price Debates Reach Breaking Point

Posted on: Sunday, 5 February 2006, 15:00 CST

According to "Tehran Times", the details of the recent debates over the price of natural gas are starting to come to light. Documents acquired by Zaman show that Turkey paid Russia $243 and Iran $236 per thousand cubic meters natural gas; while, Georgia pays just $110, Greece $207, Germany $217 and Austria $221 for the same amount of gas

. The cloud covering gas prices, which was brought to the agenda during the latest crisis between Russia and Ukraine, is beginning to lift. Russia's Gazprom demanded a price increase to $260, however, fueling concerns. The documents Zaman obtained brought a new dimension to the issue. The receipts for November and December 2005 suggested that Turkey paid Russia and Iran a price well above the figures claimed for 1,000 cubic meters of natural gas. Gazprom's Gazexport account indicated for the receipt dated 8 November 2005 was at $242,863 for 1,000 cubic meters. Iranian natural gas supplier, NIGC's receipt dated 15 December 2005 was $236 for the same amount.

Source: Info-Prod Research (Middle East)

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