October 26, 2016 / 9:12 AM / 4 years ago

Russia's Gazprom expects 9 pct decline in gas sales to Turkey in 2016

MOSCOW, Oct 26 (Reuters) - Russian gas giant Gazprom expects a 9 percent decline in gas supplies to Turkey this year, Deputy Chief Executive Alexander Medvedev told inhouse magazine.

He said that supplies to Turkey, Gazprom’s second-largest buyer of gas after Germany, will fall to 24.5 billion cubic metres (bcm) this year from 27 bcm in 2015. The forecast for 2017 is 25.1 bcm, Medvedev said.

He did not elaborate. A gas price dispute between Turkish pipeline operator Botas and Gazprom led to Botas launching international arbitration proceedings against Gazprom in October 2015.

Discussions over the price resumed earlier this year amid a thaw in the two countries’ relations which had been marred by the Turkish military downing a Russian bomber near the Turkish-Syrian border last November.

Russia and Turkey have also signed a deal on the construction of two lines of the TurkStream subsea gas pipeline which is to have a capacity of 31.5 bcm per year. (Reporting by Vladimir Soldatkin and Oksana Kobzeva; editing by Jason Neely)

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