Gazprom’s Istanbul supplies canceled over pricing dispute

Series Title
Series Details 3.10.11
Publication Date 03/10/2011
Content Type

EurActiv reported that that Turkey canceled a deal to supply overpopulated Istanbul with Russian gas in October 2011 over a pricing dispute. The cancellation meant Turkey loses supply for some 15% of the gas it needs, causing a price hike for consumers.

Nevertheless, there are still very close energy relations between the two countries as well as close ties in other economic and trade matters.

Source Link Link to Main Source http://www.euractiv.com/energy/gazproms-istanbul-supplies-cance-news-508096
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