Russia to reduce gas price for Turkey by 6 pct
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Gazprom CEO Alexei Miller said that his company signed a memorandum on building a new Turkey-bound pipeline under the Black Sea, which would be capable of pumping about 63 billion cubic meters to Turkey, the same capacity as the South Stream.
If Erdoğan accepts the Russian offer of forming an energy alliance, it would mark a sharp policy change for Turkey that so far has served as a major transit route for oil and gas resources from the Caspian and Central region to the west, bypassing Russia. The United States and the European Union have strongly backed energy exports via Turkey as a way of reducing the continent’s dependence on Russia’s energy resources.
Putin added a sweetener, saying that Russia will offer a 6 percent price discount for its gas supplies to Turkey starting next year and could offer an even better deal if the two countries reach an agreement on deeper energy cooperation