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Iran and Turkey failed to reach a deal on the pricing of Iranian gas supplies to Turkey, but are scheduled to continue talks on the matter over the next six weeks, officials said this week.
Ankara, already one of Iran’s biggest energy customers, is keen on boosting gas import volumes from the Islamic Republic, but only on condition that Iran renegotiates down the price it currently charges Turkey. What Iran currently charges is ‘unsustainable,’ Turkish officials say.
Turkey has since early 2012 been pushing for a revision in the price it pays for gas imports from Iran, going so far as to file a complaint with the International Chamber of Commerce’s (ICC) arbitration body, the International Court of Arbitration.
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