Turkey wants to purchase more gas from Iran – Turkey, 12 August 2016

Turkish Minister of Foreign Affairs Mevlut Cavuoglu said at the press conference after talks with his Iranian counterpart Javad Zarif, that Turkey wants to buy more natural gas from Iran, adding that the issue of price was discussed during the meeting.
Turkey has initiated a lawsuit to the International Court of Arbitration against Iran on the issue of gas prices in March 2012, claiming that the price of Iranian gas supplied to Turkey is much higher than the market price. Iran is Turkey’s second largest supplier of natural gas after Russia, but price of Iranian gas is higher comparing to natural gas delivered from Russia and Azerbaijan. Iran and Turkey signed an agreement in 1996 to supply 10 billion cubic meters of natural gas to Turkey annually (about 30 million cubic meters per day).

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