Russia disrupts natural gas supply to Turkey

EPA/YURI KOCHETKOV

Gazprom Management Committee Deputy Chairman Alexander Medvedev (C), Gazprom Department Head Pavel Oderov, (L) and Gazprom Export Director General Elena Burmistrova attend a press conference in Moscow, Russia, 09 June 2015. The intergovernmental agreement with Turkey on the Turkish Stream gas pipeline project may be signed before the end of June.

Russia disrupts natural gas supply to Turkey


Russia is cutting Turkey’s natural gas supply, like it has done in Ukraine 2006, bne InelliNews reports.

Turkey is an 80-million strong market and Gazprom’s second biggest market, with considerable growth potential.

In December 2015, Gazprom demanded a price premium for Turkey’s supply. By February, Gazprom disrupted deliveries to independent Turkish gas traders, reducing supply by 50%. Turkey depends on Russia for 55% of its natural gas supply.

The Turkish dependence on Russian s...


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