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Tuesday, November 11, 2008

Turkey gas price may fall 20 pct-Gazprom

"Turkey gas price may fall 20 pct-Gazprom

Tue, Nov 11 2008, 09:29 GMT
http://www.afxnews.com

ISTANBUL, Nov 11 (Reuters) - The price of natural gas that Russia's Gazprom sells to Turkey will fall 20 percent in 2009 if oil prices remain at their current levels, Sergei Komlev, a director of Gazprom's export arm Gazpromezport, said on Tuesday.

Turkey, which relies almost exclusively on imported energy, is Gazprom's second biggest client after Germany.

The fall in oil prices will affect natural gas prices passed on to consuming countries, Komlev said."

More:UPDATE 1-Turkey gas price may fall 20 pct-Gazprom