Gazprom signals fall in gas prices
Price raise is good for Turkish market
Turkish Energy Minister Taner Yıldız asked for a discount on the price of gas Turkey buys from Russia during talks with Medvedev last week. Meanwhile, the Turkish government said it will raise both electricity and gas prices by 9 percent this year.
“The latest 9 percent raise in gas prices is a positive move for the Turkish market, I believe. The Turkish state is regulating gas prices, and the regulated prices are very low when we have a look at how much Turkey pays to import gas from Iran and other countries. This shows that free market dynamics are not working properly. With a raise in prices, BOTAŞ, the Turkish Energy Ministry and the private sector may reach a reasonable price basis. In this vein, I found the latest 9 percent raise a positive move and Turkey should continue to make such moves,” Medvedev said.
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