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Turkey nears landmark LNG loan in shift from russian natural gas

Turkey nears landmark LNG loan in shift from russian natural gas

Turkey and Deutsche Bank AG are in the final stages of talks for a pioneering EUR 1bn (USD 1.1bn) loan to finance liquefied natural gas purchases that will reduce the country’s reliance on Russian imports, according to Bloomberg News. Boru Hatlari ile Petrol Tasima AS, the state-owned pipeline operator known as Botas, will use the money to...

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Ankara seeking better terms to renew gas supply contracts

Ankara seeking better terms to renew gas supply contracts

Ankara expects gas suppliers to offer more competitive pricing and flexibility if they want to renew long-term contracts totaling 16 billion cubic meters a year, a senior energy ministry official said. More than a quarter of Turkey’s longterm gas contracts expire next year, including imports via pipeline from Russia’s Gazprom and Azerbaijan’s SOCAR and a...