Turkish energy ministry: Azerbaijan, Turkey not fixed gas price yet

The Turkish energy ministry says talks with SOCAR to fix a new price for Azerbaijani gas supplied from offshore gas condensate field Shah Deniz to Turkey at this stage have not completed yet, the Turkish Ministry of Energy and Natural Resources official said.

"The sides continue to discuss this issue. There is no concrete decision to reach a deal in February," the source said and did not rule out a possible achievement of the consensus next month.

He said it will depend on a course of the talks.

Turkish media outlets have reported that Azerbaijan and Turkey will finally agree upon the price for gas in February.

The price will increase up to $399 per 1,000 cubic meters from current $120 per 1,000 cubic meters.

/Trend Capital/