BOTAS and Algerian Sonatrach renewed gas supply agreement – Turkey, 11 September 2018

Vice Chairman of the Algerian national oil and gas company Sonatrach, Ahmed Mazighi said that his company and Turkish pipeline operator BOTAS have extended a natural gas supply agreement for another five years to supply gas to Turkey. Mazighi stressed that Turkey is an important market for Sonatr Full article available for subscribers of Energy […]

BOTAS increased gas prices for electricity generation by 50 % – Turkey, 1 August 2018

Turkish state-owned pipeline operator BOTAS has increased the price of natural gas used for electricity production by 50 % as of 1 August. According to the company, the price hike was inevitable due to a weaker lira pushing crude oil and gas prices higher, since Turkey is mostly dependent on energy imports. The increased natural […]

Turkey and Russia agreed on 10.25 % natural gas discount – Turkey, 26 May 2018

Turkish President Recep Tayyip Erdogan said that after long negotiations Turkey and Russia have reached an agreement to reduce the price of natural gas exported to Turkey by 10.25 %. President Erdogan reminded that Turkey demanded this discount on gas imports back in 2015, adding that the country will now get one billion dollars refund […]