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. Last Updated: 07/27/2016

Gazprom Stands by Pact

MOSCOW -- Russia's gas giant Gazprom will honor its export contracts with Turkey and has alternative supply routes if existing options are insufficient, Gazprom's chief executive said Wednesday.

Russia and Turkey signed an intergovernmental agreement in 1997, under which Gazprom presold to Turkey 360 billion cubic meters of gas to be delivered until 2025.