Turkey ready to pay gas price difference

Since April 15, 2008 Turkey has been theoretically obliged to pay a higher price for the natural gas it gets from Azerbaijan, but it has not done so because a new gas price agreement has not yet been reached. This issue has become a matter of serious discord between these two friendly states.

Azeri President Aliev has stated that Baku is not prepared to continue to charge Turkey the same price. The Turkish Minister for Energy has agreed with Aliev’s statement and told journalists that negotiations on this issue are underway. He added that an agreement will be achieved and a new tariff adopted, but no actual figures were mentioned.