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Gazprom struggling to save Blue Stream.

World Gas Intelligence

| July 16, 2003 | COPYRIGHT 2008 Energy Intelligence Group. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

Russian gas monopoly Gazprom has failed yet again to resolve a price and volume dispute with Ankara, which has halted gas imports since March into Turkey via the $3.4 billion Blue Stream gas pipeline system extending under the Black Sea.

Gazprom Chief Executive Alexei Miller met Turkish Energy Minister Hilmi Guler in Ankara last week to discuss the issue but left without claiming to have made any progress at the talks. "The two sides agreed to continue consultations on the issue," Gazprom said in a statement.

Insiders say that the main stumbling block is the contracted baseline gas price, which Turkey wants to slash from $115 per thousand cubic meters ($3.20 …

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Source: HighBeam Research, Gazprom struggling to save Blue Stream.

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