Turkey has taken Russian Federation to global arbitration over a natural gas price dispute, Turkish Energy Minister Ali Riza Alaboyun has said.
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Turkey’s submitting a claim to the worldwide Court of Arbitration in Stockholm against Gazprom is not something unusual, the Russian company doesn’t rule out an out-of-court settlement of the dispute, spokesman of Gazprom Sergei Kupriyanov told RIA Novosti Russian news agency.
As TASS reported earlier on July 31, Russia’s Energy Minister Alexander Novak said that Gazprom and Botas had already reached an agreement on 10.25% gas discount.
Turkish energy officials have said that Russia has been adding demands regarding Turkish Stream, a Gazprom-backed project created to bring Russian gas to Turkey and southern Europe, as a precondition for signing the gas price deal.
Gazprom halved the size of the proposed link to Turkey earlier this month, saying the deal is possible after the country holds parliamentary elections on November 1.
“Appeal to the court of arbitration is one of versions provided in the formal contract.this is normal”.
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However, subsequently they announced that Gazprom was refusing to implement the discount unless Turkey approved the construction of Turk Stream, which would have to be granted by the Turkish parliament. The pipeline will travel 660 kilometers under the Black Sea, followed by 250 kilometers in the European part of Turkey.
