Turkey, Russia to take gas price dispute to arbitration
SPECIAL TO WORLD TRIBUNE.COM
Monday, June 30, 2003
ANKARA Ñ Turkey wants Russia to reduce the price of its natural gas.
Turkish officials said the two countries are discussing long-term
agreements for Russian gas under the $3.3 billion Blue Stream project. They
said Russian gas is priced above the market level, including that of energy
from Azerbaijan and Turkmenistan.
Russia has agreed to take the dispute to arbitration, officials said.
They said Ankara has also demanded offsets for the sale of Russian gas to
Turkey, which has been suspended since March. Under the agreement, Turkey
has until August to reject the flow of Russian gas until it is eligible for
penalties, Middle East Newsline reported.
Is Group-think Rational?
Those who believe that an unplanned, random "Big Bang" explosion of unknown matter caused the formation of the numberless bodies of the cosmos should be able to answer the following questions: Read on . . .
Turkish Energy Minister Hilmi Guler said the 1,250-kilometer Blue Stream
pipeline project constituted a $200 million loss for Ankara. Under the
agreement, Turkey had pledged to purchase two billion cubic meters of gas in
2003 and increase the purchase until 2008.