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Some 3.6 billion cubic meters (BCM) worth of natural gas in the take-or-pay relationship Turkey has with Russia has been nullified, meaning BOTAŞ, Turkey’s state-run pipeline company, is to increase its cash flow $1.3 billion in April, said Turkish Energy and Natural Resources Minister Taner Yıldız.
“Previously, we paid cash in return for gas we didn’t use, but now, we pay for one quarter of the amount we use. We managed a great gas trade with Russia as we erased our take-or-pays worth $3.6 billion with Russia,” he said, Hurriyet Daily News report.
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