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Turkey to continue buying gas from Iran in line with long-term deal

09 August 2018 , 14:06Neftegaz.RU424

Ankara, August 9 - Neftegaz.RU. According to the Turlish Hürriyet, Turkey will continue buying natural gas from Iran on the basis of a contract, which is due to end in 2026, the Turkish energy minister said on August 8, a day after U.S. President Donald Trump threatened that anyone trading with Iran will not do business with the U.S.


Energy Minister Fatih Dönmez said Turkey would continue to buy gas in line with its long-term supply deal with Tehran, and added that planned talks in Washington could produce a solution for the issue.


Turkey is dependent on imports for almost all of its energy needs and Iran is a key supplier of Ankara’s natural gas and oil purchases. Dönmez said Turkey’s long-term supply contract with Iran was valid until 2026 and Ankara was set to buy the 9.5 billion cu m of the contract amount.


«We will be continuing this trade as we cannot possibly leave our citizens in dark,» he said, adding that Turkey and Iran, 2 neighboring countries, had trade ties that traced back long years. Nearly 40 % of Turkey’s electricity production is sourced with natural gas.


Saying that the U.S. sanctions on Iran were unilateral, Dönmez added: «We adopted the United Nations sanctions on Iran in the past. Even the European Union is extremely annoyed by today’s situation. We are conducting legitimate trade here, which is of great importance in terms of supply security» he said.



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