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Turkey Aims for Russian Gas Discounts

NATURAL GAS

Turkey will host talks with Russia on Friday to seek discounts of more than 25% for the price of its gas imports from Russia according to senior Turkish officials said.

  • Turkey wants the discount to apply to 2023 payments and some previous payments made in 2022 retrospectively.
  • If Turkey can’t secure a discount at a desirable level, then it will seek deferrals for payments preferably until 2024 according to a Bloomberg source.
  • Russia supplied just under half of Turkey’s 59 billion cubic meters in gas imports last year.

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