Bank Of Baku

Azerbaijan and Turkey agree on natural gas price

Azerbaijan and Turkey agree on natural gas price
# 06 February 2010 11:37 (UTC +04:00)
After meeting with Iranian foreign minister Manichohr Mottaki, Turkey’s minister of Energy Taner Yildiz declared that, negotiations with Azerbaijan on natural gas prices had resulted with an agreement satisfying both sides, though not official.

Hence, Turkey will pay USD 1.8 billion instead of USD 720 million for the natural 6 billion cubic meters gas imported from Azerbaijan, which means 1000 cubic meters of Azerbaijani natural gas will cost Turkey USD 300.
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