Russian gas company Gazprom will sell up to 750 million cubic meters of natural gas per year to Turkish consumers under a deal signed with a Turkish energy group on May 22. The terms of the agreement last until 2021.
The deal was signed with Bosphorus Gas, a company set up in Istanbul in 2003 to take part in Turkey's natural gas market. The company is 60% owned by Turkey's Tur Enerji and 40% by Gazprom.
Gazprom signed an agreement with Turkish pipeline company Botas in 2004 that enables the Russian energy giant to sell directly to Turkish consumers.
In 2006, Gazprom exported a total of 20 billion cubic meters of gas to Turkey. Almost all of it was sold through Turkish intermediaries.
Copyright Agence France-Presse, 2007