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. Last Updated: 07/27/2016

Gazprom Increases Supplies to Turkey

Gazprom raised daily deliveries to Turkey via the Blue Stream pipeline to 20 million cubic meters from previously contracted 5.3 million cubic meters, Gazprom said Tuesday.

The decision to increase deliveries, taken on Saturday, signals the end of a conflict between Turkey and the gas monopolist over prices and volume of gas to be sent through the $3.5 billion pipeline under the Black Sea.

Turkey and Gazprom in June threatened to take each other to international arbitration court after Turkey halted imports through the pipeline on the grounds of weak domestic demand and asked for a revision of volumes and prices.

Turkey resumed imports via the Blue Stream, which Gazprom runs together with Italy's ENI, in August and late in November Gazprom said it had fully resolved the gas price row, although it did not specify under what terms the dispute had been ended.

Gazprom said it planned to export 1.1 bcm of gas through the Blue Stream in 2003 and 4 bcm in 2004.