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Russia Asks Price Increase in Natural Gas |
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Turkey and Russia continue bargaining over natural gas. The Russian
side reportedly asked from Ankara to increase the natural gas prices as
of 1 January 2006.
It is claimed a possible price increase in
natural gas will not be accepted since the price of natural gas is
already considered to be “expensive.” A report prepared by Botas for
the Energy and Natural Resources Minister Hilmi Guler revealed Turkey
consumed 14 billion cubic meters of natural gas at the end of October.
This was the total amount of natural gas consumption last year. At the
end of the year, Turkey's total amount of natural gas imports will
expectedly reach 17 billion cubic meters. The report said no natural
gas was stored underground and the demand increase in the winter months
is being met by getting more natural gas than the amount stated in the
agreement. |
