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    Home » Russia and Turkey ink pipeline agreement, end gas dispute

    Russia and Turkey ink pipeline agreement, end gas dispute

    May 27, 2018
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    27 May 2018, Moscow — Russian state gas giant Gazprom said on Saturday it had signed a protocol with the Turkish government on a planned gas pipeline and agreed with Turkish firm Botas to end an arbitration dispute over the terms of gas supplies.

    The protocol concerned the land-based part of the transit leg of the TurkStream gas pipeline, which Gazprom said meant that work to implement it could now begin.

    Turkey had delayed issuing a permit for the Russian company to start building the land-based parts of the pipeline which, if completed, would allow Moscow to reduce its reliance on Ukraine as a transit route for its gas supplies to Europe.

    A source said in February the permit problem might be related to talks between Gazprom and Botas about a possible discount for Russian gas.

    Turkish President Tayyip Erdogan said earlier on Saturday Turkey and Russia had reached a retroactive agreement for a 10.25 percent discount on the natural gas Ankara buys from Moscow.

    Gazprom said in the Saturday statement, without elaborating, that the dispute with Botas would be settled out of court.

    *Vladimir Soldatkin & Oksana Kobzeva; Maria Kiselyova – Reuters

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