Pipelines, Storage & Power

Botas: No extension of 6 bcm gas contract with Gazprom

Turkish pipeline monopoly Botas has notified Gazprom of its decision not to extend a 6 billion cubic metre gas contract between the two companies, Gazprom Export told Interfax on Monday.
By James Batty 3 October 2011 0 1285

Turkish pipeline monopoly Botas has notified Gazprom of its decision not to extend a 6 billion cubic metre gas contract between the two companies, Gazprom Export told Interfax on Monday.

“Gazprom Export has received notification from Turkey’s Botas that the latter is not prolonging the contract for deliveries of 6 bcm of Russian gas after 2011,” said Nikita Ermakov, a spokesperson for Gazprom Export.

Turkish Energy and Natural Resources Minister Taner Yildiz had said in September that if Gazprom did not lower the price, the contract would not be...