Turkey and Azerbaijan agree on gas price

According to Turkish newspaper Zaman Turkey is planning to reconsider the price it pays Azerbaijan for its gas. It will soon probably pay USD 399 instead of USD 120 for 1,000 cubic metres of gas.

The bridging of the price difference between the gas already paid for and consumed and new gas will be calculated in a professional manner and a settlement will be achieved. Turkey will have to pay a big premium, but this is business.