Gazprom Pressured to Cut Prices as Putin Eyes Turkish Link
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OAO Gazprom is under pressure to cut prices for Turkey to help Russian President Vladimir Putin end his nation’s reliance on Ukrainian pipelines to ship gas to Europe following a bloody dispute between the former Soviet allies.
Turkey, the second-biggest consumer of Russian gas, hasn’t benefited from a slump in crude prices because some contracts it negotiated with Gazprom aren’t directly linked to oil costs or the spot market, according to people with knowledge of the matter. That meant Turkey was the only country to see Russian gas prices rise in January, said the people, who asked not to be named as the information isn’t public.