Middle East Economic Survey


No 42


MEES Agenda

Turkey Allows Russian Gas Import Deal To Expire In Move To Open Up Market

Turkeys Ministry of Energy and Natural Resources in early October informed the Russian gas monopoly Gazprom that it will not renew a 25-year gas sales and purchase agreement for 6 bcm/year of natural gas delivered through the Trans-Balkan gas pipeline. Turkey purchased some 18 bcm of Russian natural gas during 2010 about 60% of its gas imports ...