Turkey, Azerbaijan Sign Key Deal On Gas Transit To Europe

Turkey, Azerbaijan Sign Key Deal On Gas Transit To Europe
dj
Τρι, 8 Ιουνίου 2010 - 13:59
TurkeyandAzerbaijansigned Monday a long-awaited deal on the transit of gas toEuropethat is seen as crucial to plans to reduce the continent's dependence on Russian gas.
Turkey and Azerbaijan signed Monday a long-awaited deal on the transit of gas to Europe that is seen as crucial to plans to reduce the continent's dependence on Russian gas.

The memorandum of understanding fixes the price of gas that
Azerbaijan sells to Turkey and sets the fee Turkey will charge for the transit of Azerbaijani gas to Europe , Turkish Energy Minister Taner Yildiz told reporters after inking the document with his Azerbaijani counterpart Natiq Aliyev.

"Azeri gas is a very important source in meeting the needs of
Turkey and European countries in the coming period in terms of energy security," Yildiz told reporters in Istanbul .

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