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Turkey failed to agree natural gas price with Gazprom

Staff writer |
Turkey failed to reach agreement with Gazprom on natural gas prices for 2015, said Turkey's Energy and Natural Resources Minister.

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Turkey and Gazprom conducted two meetings on natural gas prices for 2015 without reaching an agreement, Turkish Energy and Natural Resources Minister Taner Yildiz explained.

"Low oil prices are weakening our bargaining power," he said, adding that Turkey may hold a third meeting with Gazprom in the near future.

Yildiz, in a press conference for Energy Charter's Turkey report on Wednesday, said that the country used two bcm of natural gas in the last ten days as a result of cold weather which amounts to the annual consumption of many countries. He said in this ten-day period, Istanbul, Ankara, Bursa, Eskisehir and Kocaeli consumed the most natural gas.

With the country's increasing need for secure supplies, he referred to potential problems between Ukraine and Russia which could affect Turkey's energy security as it receives 12.5 percent of its natural gas via the Western Pipeline which comes through Ukraine. He added that he does not envisage such a danger in the near future.

"Technical losses in electricity transmission are normal but we cannot tolerate non-technical losses," Yildiz said and added that "We will make new regulations in January on non-technical losses," he said in order to overcome losses in electricity.

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