Gazprom Confirms Settling Dispute With Turkish Firms on 2016 Gas Prices

Russian energy giant Gazprom and Turkish private gas companies have settled all disputes on prices for Russian gas deliveries in 2016, Gazprom Export said in a statement on Wednesday, confirming the earlier reports.

MOSCOW (Sputnik) — In March, media reports emerged suggesting that the Turkish companies in question could file an international lawsuit against Gazprom because of the discount cancellations.

Earlier in the day, Turkish media reported that private natural gas firms in Turkey confirmed reaching a pricing dispute settlement with Gazprom.

"Gazprom Export and private Turkish gas importing companies, as result of constructive negotiations, have reached an agreement on gas prices for the current year. All agreements will be implemented in full," the statement said.

Enerco Enerji, Bosphorus Gaz, Avrasya Gaz, Shell Turkey, Bati Hatti and Kibar Enerji cooperate with Gazprom in addition to Turkey’s state-owned Botas. The companies in question reportedly import 10 billion cubic meters of Gazprom's gas a year out of a total of 27 billion imported by Turkey from Russia.

In early March, Enerco Enerji said that Gazprom Export had reduced its gas supplies to Turkey and canceled a 10.25-percent price discount.