Turkey warns Iran over gas prices
Jan 16, 2012, 16:41 GMT
Istanbul - Turkey may take Iran to international arbitration if it does not agree to reduce the price at which it sells its natural gas, Turkish state news agency Anatolian reported.
Anatolian quoted Turkish Energy Minister Taner Yildiz as saying Turkey had requested that Iran reduce the price of the gas it sells to Turkey, but that it had not received any reply.
'It appears inevitable that we will have to go to arbitration,' he was quoted as stating.
Turkey has been importing gas from Iran since 2001, under a 25-year contract signed in 1996 for 10 billion cubic metres per year.
The warning comes only days after a visit to Ankara by the speaker of the Iranian parliament, Ali Larijani, during which Larijani held meetings with Turkish President Abdullah Gul, Turkish Prime Minister Recep Tayyip Erdogan and Foreign Minister Ahmet Davutoglu.
Natural gas imports are not expected to be included in new packages of international sanctions being discussed by the United States and the European Union in response to Iran's controversial nuclear programme.
Turkey's energy regulator last week said it was inviting bids from companies interested in importing electricity from Iran.
http://www.monstersandcritics.com/news/business/news/article_1685841.php/Turkey-warns-Iran-over-gas-prices
here is hint to all you turks....how can you take your supplier to court....stp buying their gas...
but i think deep down the turks are gonna pay for not seeing tehrans point of view...
rocky road ahead for turkey indeed...the eastern vocation has fallen flat in ít's face...the israeli bashing hasn't really earned any points so far...it actually went backwards the day turkey agreed to the US radar...
turkey right now appears to be no friend to the east, west, north and south.....competele isolated...