SOCAR president: Azerbaijan,Turkey are closer to gas price deal

According to him, the parties are drawing near to setting a price.

“Experts from the both countries are working on this issue. There are some approximations on the issue,” he added.

Despite the fact that the new price has not been determined, Turkey will pay natural gas it bought since April 15, 2008 in accordance with the new price and pay off debts in installments, officials said earlier.

Earlier, Azerbaijan charged Turkey $120 per 1,000 cubic meters of gas.

Azerbaijan has natural gas agreements with Georgia, Turkey, Russia and Iran at present.

According to unofficial sources, Georgia pays $180 per 1,000 cubic meters of Azerbaijani gas.

Gas prices for Russia and Iran are calculated on a special formula agreed between the parties.

/APA/