Turkey And Russia Sign $13.5Bn Natural GasDeal
On 28 April Turkey signed a new contract worth $13.5bn for the supply of naturalgas from the Russian Federation, which is already delivering 6bn cu. ms/year (BCM/y) toTurkey via a pipeline running through Ukraine, Moldova, Rumania and the Balkans. Under the25-year agreement, Turkey's purchase of Russian natural gas will expand to 30BCM/y by 2010,beginning with an additional 500mn cu. ms. this year and progressing to...