ECONOMY

Turkey to receive more Russian natural gas

ANKARA (Reuters) – Russian President Vladimir Putin told Turkish Prime Minister Recep Tayyip Erdogan in a telephone call yesterday that his country would try to help Turkey offset a cut in gas supply from Iran, Erdogan’s office said in a statement. Last week Iran, Turkey’s second biggest natural gas supplier after Russia, cut the flow to 5 billion cubic meters a day from the agreed 26 million cubic meters a day. From yesterday, Iran will supply 8 million cubic meters a day, a Turkish Energy Ministry official said. «Mr. Putin said he would try to help Turkey despite heavy climate conditions in his country,» the statement said. Turkey, which is concerned about energy diversity and the security of supplies, buys 65 percent of its natural gas from Russia. Demand for gas soared last week due to cold weather and heavy snow coming into Turkey from the north. Russia trimmed gas supply to Europe last week due to intense cold at home, with deliveries to some countries falling to as much as a quarter below normal volumes.

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