Middle East Economic Survey
Russia-Turkey Gas Contract To Be Extended
Russia has agreed to start immediately talks on the extension of the gas supply agreement to Turkey. This was announced after a meeting between Prime Minister Vladimir Putin of Russia and Turkish Prime Minister Tayyib Erdogan. The original Gazprom supply contract, signed in 1986, was for up to 6 bcm/year and is due to expire in 2012. Gas is transported via the Trans-Balkan pipeline that crosses...