ANKARA - State run oıl pipeline company (BOTAS) and Russian natural gas company removed disagreement on three separate agreements and purchase of natural gas during talks late on Tuesday.
Sources told the A.A correspondent that the agreement foreseeing that ''agreements which caused purchasing of natural gas by four separate prices will not be more expensive than natural gas price given to EU countries'' would be signed in a ceremony which Energy and Natural Resources Minister Hilmi Guler would also attend.
Change which will be made in three separate agreements on purchase of natural gas also brings recovery in the principle of ''take it or pay.''
Changes which will be made in agreements will save Turkey from paying more than 15-20 billion U.S. dollars in the coming years.
Arbitration process which had been launched due to disagreement on price between BOTAS and Gazprom suspended by reaching consensus that problem should be solved through talks. It had been also decided that technical delegations should start talks.
Gazexport, the marketing company of Russian gas production company Gazprom, had claimed that price formula on Blue Stream Project was different from all other agreements and stated that it was a mistake in writing. It wanted the formula to be corrected.
Turkey had said that the formula did not yield a wrong result and stated that the formula protected both sides.
A consensus was reached that there would be single formula and price in all three agreements and but price should not be more expensive than price of natural gas sold to European countries.
(EÖ-AY) 19.11.2003