No 27



Gazprom Offers Options In Blue Stream Dispute

In an effort to avoid international arbitration Russias Gazprom has proposed several options to Turkey as a means of resolving their dispute over deliveries of natural gas via the newly-completed Blue Stream pipeline. In a statement issued by Gazprom on 2 July, the Russian gas monopoly offered to lower both prices and volumes in all three of its contracts with Turkey over the next five years. It also offered to...