Russia, Turkey in Talks to Renew Gas Deals, Keep Same Flows

Russia and Turkey are in talks to keep up the same volumes of gas supplies from Gazprom PJSC as they negotiate the renewal of two major pipeline supply deals, according to people familiar with the matter.

The contracts between Russia’s gas giant and Turkey’s state company Botas for combined deliveries of as much as 21.75 billion cubic meters a year are set to expire on Dec. 31. Russia and Turkey are negotiating to keep the annual flows at about 22 billion cubic meters, the people said, asking not to be identified as the information isn’t public.